2,900 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,900 shares of the scientific and technical instruments company's stock, valued at approximately $1,294,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new stake in shares of Teledyne Technologies in the fourth quarter valued at $28,000. CVA Family Office LLC bought a new position in Teledyne Technologies during the fourth quarter valued at approximately $31,000. Cary Street Partners Investment Advisory LLC bought a new position in Teledyne Technologies during the third quarter valued at approximately $44,000. Anchor Investment Management LLC bought a new position in shares of Teledyne Technologies in the fourth quarter worth approximately $45,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Teledyne Technologies by 63.2% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company's stock worth $49,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TDY shares. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Saturday, February 10th. Needham & Company LLC cut their price target on shares of Teledyne Technologies from $522.00 to $510.00 and set a "buy" rating on the stock in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $515.67.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the business's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the transaction, the director now owns 67,288 shares of the company's stock, valued at approximately $28,711,789.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of the business's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the sale, the director now directly owns 18,735 shares in the company, valued at approximately $8,110,568.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Simon M. Lorne sold 2,200 shares of the business's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the sale, the director now owns 67,288 shares of the company's stock, valued at $28,711,789.60. The disclosure for this sale can be found here. Insiders sold a total of 6,711 shares of company stock valued at $2,890,621 in the last quarter. 2.14% of the stock is owned by insiders.

Teledyne Technologies Stock Up 0.7 %

Teledyne Technologies stock traded up $2.72 on Monday, hitting $404.08. 235,074 shares of the stock traded hands, compared to its average volume of 214,716. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.29. The firm has a market cap of $19.15 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. The business's fifty day simple moving average is $420.22 and its 200 day simple moving average is $415.23. Teledyne Technologies Incorporated has a 1 year low of $364.98 and a 1 year high of $448.19.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 EPS for the quarter, beating the consensus estimate of $5.04 by $0.40. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $4.94 earnings per share. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 20.56 earnings per share for the current 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.