8,700 Shares in Teledyne Technologies Incorporated (TDY) Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, Holdings Channel reports. The fund acquired 8,700 shares of the scientific and technical instruments company’s stock, valued at approximately $1,576,000.

Several other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. grew its position in shares of Teledyne Technologies by 2.0% in the 4th quarter. Whittier Trust Co. now owns 15,472 shares of the scientific and technical instruments company’s stock worth $2,803,000 after buying an additional 310 shares during the last quarter. Pacer Advisors Inc. grew its position in Teledyne Technologies by 9.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,258 shares of the scientific and technical instruments company’s stock worth $678,000 after purchasing an additional 353 shares during the last quarter. Stifel Financial Corp grew its position in Teledyne Technologies by 2.8% during the 3rd quarter. Stifel Financial Corp now owns 13,287 shares of the scientific and technical instruments company’s stock worth $2,112,000 after purchasing an additional 365 shares during the last quarter. Cardinal Capital Management grew its position in Teledyne Technologies by 7.4% during the 3rd quarter. Cardinal Capital Management now owns 5,674 shares of the scientific and technical instruments company’s stock worth $903,000 after purchasing an additional 393 shares during the last quarter. Finally, Aperio Group LLC grew its position in Teledyne Technologies by 4.5% during the 3rd quarter. Aperio Group LLC now owns 10,138 shares of the scientific and technical instruments company’s stock worth $1,614,000 after purchasing an additional 440 shares during the last quarter. 83.34% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $213.00 target price on the stock in a research report on Tuesday, February 6th. Needham & Company LLC boosted their target price on shares of Teledyne Technologies to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. ValuEngine downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group boosted their target price on shares of Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $196.00.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) opened at $193.50 on Tuesday. The firm has a market cap of $6,860.00, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 3.42 and a beta of 1.03. Teledyne Technologies Incorporated has a 12-month low of $121.58 and a 12-month high of $201.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.90.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Thursday, February 1st. The scientific and technical instruments company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.21. The company had revenue of $704.40 million for the quarter, compared to the consensus estimate of $669.25 million. Teledyne Technologies had a net margin of 9.60% and a return on equity of 14.24%. Teledyne Technologies’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. equities analysts expect that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current year.

In other news, VP Cynthia Y. Belak sold 4,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $185.19, for a total value of $740,760.00. Following the sale, the vice president now directly owns 6,903 shares of the company’s stock, valued at approximately $1,278,366.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth C. Dahlberg sold 5,994 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $182.44, for a total transaction of $1,093,545.36. Following the completion of the sale, the director now directly owns 12,164 shares in the company, valued at $2,219,200.16. The disclosure for this sale can be found here. Insiders sold a total of 16,652 shares of company stock worth $3,050,124 over the last ninety days. Insiders own 3.30% of the company’s stock.

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Teledyne Technologies Profile

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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