State of New Jersey Common Pension Fund D Sells 406 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

State of New Jersey Common Pension Fund D reduced its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,745 shares of the scientific and technical instruments company’s stock after selling 406 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Teledyne Technologies were worth $7,329,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Teledyne Technologies by 17.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after buying an additional 186,849 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Teledyne Technologies by 235.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock valued at $48,593,000 after buying an additional 87,925 shares during the last quarter. International Assets Investment Management LLC increased its stake in Teledyne Technologies by 44,457.2% in the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock valued at $32,372,000 after buying an additional 73,799 shares during the last quarter. Maren Capital LLC increased its stake in Teledyne Technologies by 37.2% in the 1st quarter. Maren Capital LLC now owns 254,245 shares of the scientific and technical instruments company’s stock valued at $109,152,000 after buying an additional 68,940 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Teledyne Technologies by 88.4% in the 2nd quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock valued at $49,565,000 after buying an additional 59,942 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TDY shares. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $450.00 to $550.00 in a research note on Friday. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen boosted their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Vertical Research started coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $517.50.

Teledyne Technologies Stock Down 0.3 %

Teledyne Technologies stock opened at $487.62 on Tuesday. The firm has a market capitalization of $22.72 billion, a PE ratio of 24.65, a P/E/G ratio of 3.43 and a beta of 1.01. The company’s 50-day moving average is $444.79 and its 200-day moving average is $415.43. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $492.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.97 by $0.13. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. Teledyne Technologies’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.05 EPS. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.44 earnings per share for the current year.

About Teledyne Technologies

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.