New York State Teachers Retirement System Trims Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

New York State Teachers Retirement System decreased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,795 shares of the scientific and technical instruments company's stock after selling 2,800 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Teledyne Technologies worth $20,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Golden State Wealth Management LLC boosted its position in shares of Teledyne Technologies by 205.9% during the 1st quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock valued at $26,000 after acquiring an additional 35 shares during the last quarter. NBC Securities Inc. purchased a new stake in Teledyne Technologies in the first quarter valued at approximately $28,000. Quarry LP bought a new stake in Teledyne Technologies during the fourth quarter valued at approximately $28,000. Hurley Capital LLC purchased a new position in Teledyne Technologies in the 4th quarter worth approximately $33,000. Finally, Ancora Advisors LLC increased its holdings in shares of Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after buying an additional 50 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TDY has been the subject of a number of research analyst reports. TD Securities reaffirmed a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a report on Thursday, April 24th. Wall Street Zen raised 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. Bank of America raised their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, Needham & Company LLC cut their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $554.43.

Teledyne Technologies Trading Up 1.6%

Shares of NYSE TDY traded up $8.38 during midday trading on Friday, reaching $517.89. The company had a trading volume of 215,956 shares, compared to its average volume of 271,625. The stock has a market cap of $24.27 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.04. Teledyne Technologies Incorporated has a one year low of $381.03 and a one year high of $522.50. The firm's fifty day moving average price is $491.41 and its 200-day moving average price is $486.33. The company has a quick ratio of 1.44, a current ratio of 2.19 and a debt-to-equity ratio of 0.30.

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

Teledyne Technologies Company 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.