Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1,607.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,477 shares of the scientific and technical instruments company's stock after acquiring an additional 7,039 shares during the period. Teacher Retirement System of Texas' holdings in Teledyne Technologies were worth $3,721,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC lifted its stake in Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 35 shares in the last quarter. Quarry LP acquired a new position in Teledyne Technologies during the fourth quarter worth $28,000. NBC Securities Inc. acquired a new position in Teledyne Technologies during the first quarter worth $28,000. Hurley Capital LLC acquired a new position in Teledyne Technologies during the fourth quarter worth $33,000. Finally, Ancora Advisors LLC lifted its stake in Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 50 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Up 1.9%

Teledyne Technologies stock traded up $9.65 during midday trading on Thursday, reaching $529.51. The company's stock had a trading volume of 89,399 shares, compared to its average volume of 270,384. Teledyne Technologies Incorporated has a fifty-two week low of $382.81 and a fifty-two week high of $529.63. The company has a quick ratio of 1.44, a current ratio of 2.19 and a debt-to-equity ratio of 0.30. The company has a market cap of $24.81 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.42 and a beta of 1.04. The business has a 50-day simple moving average of $495.73 and a 200-day simple moving average of $487.75.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating analysts' consensus estimates of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm earned $4.55 earnings per share. Teledyne Technologies's quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Stifel Nicolaus assumed coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price objective on the stock. Needham & Company LLC cut their price objective 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. TD Securities reaffirmed a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Finally, Bank of America upped their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $554.43.

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.