California State Teachers Retirement System Sells 4,692 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

California State Teachers Retirement System decreased its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,209 shares of the scientific and technical instruments company's stock after selling 4,692 shares during the period. California State Teachers Retirement System owned about 0.17% of Teledyne Technologies worth $36,299,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in Teledyne Technologies by 36.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,835 shares of the scientific and technical instruments company's stock valued at $852,000 after acquiring an additional 491 shares in the last quarter. Siemens Fonds Invest GmbH raised its holdings in Teledyne Technologies by 5.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 518 shares of the scientific and technical instruments company's stock valued at $241,000 after acquiring an additional 27 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Teledyne Technologies in the 4th quarter valued at approximately $12,610,000. Mackenzie Financial Corp raised its holdings in Teledyne Technologies by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 4,268 shares of the scientific and technical instruments company's stock valued at $1,981,000 after acquiring an additional 236 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at approximately $2,801,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TDY shares. TD Securities reaffirmed a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Needham & Company LLC cut their price target on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Bank of America upped their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $542.50.

Insider Buying and Selling

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the sale, the insider now directly owns 51,324 shares in the company, valued at $26,691,559.44. This represents a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the sale, the executive vice president now owns 26,529 shares in the company, valued at approximately $13,794,018.84. This trade represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Teledyne Technologies Price Performance

Shares of TDY stock traded up $1.92 during trading hours on Friday, hitting $499.41. The company had a trading volume of 556,459 shares, compared to its average volume of 262,684. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.14 and a beta of 1.06. The firm's fifty day moving average is $476.55 and its 200 day moving average is $482.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33.

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 for the quarter, beating the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company posted $4.55 EPS. The company's revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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.