New York State Common Retirement Fund Has $20.29 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

New York State Common Retirement Fund lessened its position in Teledyne Technologies Incorporated (NYSE:TDY) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,705 shares of the scientific and technical instruments company’s stock after selling 2,700 shares during the period. New York State Common Retirement Fund owned 0.09% of Teledyne Technologies worth $20,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Stratos Wealth Partners LTD. increased its holdings in Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock worth $232,000 after purchasing an additional 21 shares in the last quarter. Metis Global Partners LLC increased its holdings in Teledyne Technologies by 1.6% in the 3rd quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock worth $663,000 after purchasing an additional 24 shares in the last quarter. Crumly & Associates Inc. increased its holdings in Teledyne Technologies by 3.8% in the 3rd quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock worth $296,000 after purchasing an additional 25 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Teledyne Technologies by 4.8% in the 3rd quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock worth $241,000 after purchasing an additional 25 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Teledyne Technologies by 15.1% in the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock worth $105,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insiders Place Their Bets

In other Teledyne Technologies news, COO George C. Bobb III sold 6,308 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the transaction, the chief operating officer now owns 10,482 shares in the company, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael T. Smith sold 2,025 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total value of $968,456.25. Following the completion of the transaction, the director now owns 54,935 shares in the company, valued at $26,272,663.75. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,190 shares of company stock worth $16,386,864. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies Trading Down 1.9 %

NYSE TDY opened at $491.27 on Friday. The business has a 50 day simple moving average of $485.23 and a 200 day simple moving average of $461.22. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The stock has a market capitalization of $22.89 billion, a P/E ratio of 28.51, a P/E/G ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm posted $5.44 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group assumed coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target for the company. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies presently has an average rating of “Buy” and an average target price of $538.00.

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.