Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1,607.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,477 shares of the scientific and technical instruments company's stock after purchasing 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 hedge funds have also recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its position in Teledyne Technologies by 31.6% in the 4th quarter. Jones Financial Companies Lllp now owns 200 shares of the scientific and technical instruments company's stock valued at $93,000 after buying an additional 48 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Teledyne Technologies in the 4th quarter valued at $29,081,000. Raymond James Financial Inc. acquired a new stake in shares of Teledyne Technologies in the 4th quarter valued at $53,304,000. Amundi raised its holdings in shares of Teledyne Technologies by 11.9% in the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock valued at $57,687,000 after purchasing an additional 13,244 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Teledyne Technologies by 6.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,362 shares of the scientific and technical instruments company's stock valued at $4,809,000 after purchasing an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Trading Up 0.5%

Shares of NYSE:TDY traded up $2.87 during trading on Friday, reaching $530.39. The stock had a trading volume of 392,342 shares, compared to its average volume of 272,809. Teledyne Technologies Incorporated has a fifty-two week low of $391.00 and a fifty-two week high of $534.42. 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 business has a fifty day moving average price of $496.95 and a 200-day moving average price of $488.15. The stock has a market cap of $24.85 billion, a P/E ratio of 30.31, a PEG ratio of 2.44 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.03. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.55 earnings per share. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TDY shares. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price objective on the stock. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC cut their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. TD Securities reiterated a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Finally, Bank of America lifted their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price 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.