Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Increased by California State Teachers Retirement System

California State Teachers Retirement System raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.2% during the 1st quarter, Holdings Channel reports. The fund owned 75,567 shares of the scientific and technical instruments company’s stock after purchasing an additional 919 shares during the period. California State Teachers Retirement System’s holdings in Teledyne Technologies were worth $32,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in TDY. Norges Bank bought a new stake in Teledyne Technologies during the 4th quarter valued at $243,111,000. Maren Capital LLC bought a new stake in shares of Teledyne Technologies in the 4th quarter worth $82,700,000. Public Sector Pension Investment Board raised its stake in shares of Teledyne Technologies by 1,755.0% in the 4th quarter. Public Sector Pension Investment Board now owns 93,325 shares of the scientific and technical instruments company’s stock worth $41,650,000 after buying an additional 88,294 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Teledyne Technologies by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock worth $2,462,593,000 after buying an additional 77,890 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Teledyne Technologies by 37,167.5% in the 4th quarter. International Assets Investment Management LLC now owns 72,299 shares of the scientific and technical instruments company’s stock worth $32,266,000 after buying an additional 72,105 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 0.5 %

Shares of TDY stock traded down $2.12 on Wednesday, reaching $421.86. 312,125 shares of the company’s stock traded hands, compared to its average volume of 253,908. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The company has a market capitalization of $19.99 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 2.98 and a beta of 1.00. The business’s 50 day moving average price is $394.84 and its two-hundred day moving average price is $408.49.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $4.67 earnings per share. Teledyne Technologies’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 19.36 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on TDY shares. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Needham & Company LLC boosted their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Vertical Research began coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective on the stock. Bank of America lowered Teledyne Technologies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Finally, TD Cowen cut their target price on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average target price of $474.57.

Teledyne Technologies Profile

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.