Kentucky Retirement Systems Insurance Trust Fund Takes Position in Teledyne Technologies Incorporated (NYSE:TDY)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,346 shares of the scientific and technical instruments company's stock, valued at approximately $670,000.

A number of other large investors have also modified their holdings of TDY. World Equity Group Inc. purchased a new stake in shares of Teledyne Technologies during the fourth quarter worth about $222,000. Crestwood Advisors Group LLC boosted its position in Teledyne Technologies by 18.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 597 shares of the scientific and technical instruments company's stock valued at $277,000 after buying an additional 94 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Teledyne Technologies by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,009 shares of the scientific and technical instruments company's stock valued at $1,861,000 after buying an additional 39 shares during the last quarter. NewEdge Wealth LLC boosted its position in Teledyne Technologies by 4.4% in the fourth quarter. NewEdge Wealth LLC now owns 9,193 shares of the scientific and technical instruments company's stock valued at $4,267,000 after buying an additional 391 shares during the last quarter. Finally, Walter Public Investments Inc. boosted its position in Teledyne Technologies by 35.6% in the fourth quarter. Walter Public Investments Inc. now owns 25,183 shares of the scientific and technical instruments company's stock valued at $11,688,000 after buying an additional 6,611 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of recent research reports. Bank of America upped their target price on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Stifel Nicolaus initiated coverage on Teledyne Technologies in a research report on Tuesday. They issued a "buy" rating and a $626.00 target price on the stock. Needham & Company LLC dropped their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, TD Securities reiterated a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies currently has an average rating of "Buy" and an average price target of $554.43.

Teledyne Technologies Stock Performance

Teledyne Technologies stock traded up $2.77 during mid-day trading on Friday, hitting $509.44. The company had a trading volume of 373,513 shares, compared to its average volume of 270,272. The company has a current ratio of 2.19, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Teledyne Technologies Incorporated has a 12-month low of $381.03 and a 12-month high of $522.50. The company's fifty day moving average is $486.85 and its 200-day moving average is $485.40. The company has a market capitalization of $23.87 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 2.39 and a beta of 1.04.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $4.55 EPS. The business's quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.