New York State Common Retirement Fund Sells 4,540 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

New York State Common Retirement Fund reduced its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,752 shares of the scientific and technical instruments company's stock after selling 4,540 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Teledyne Technologies worth $20,419,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TDY. Bruce G. Allen Investments LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth $28,000. CVA Family Office LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth $31,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Teledyne Technologies during the 3rd quarter worth $44,000. Anchor Investment Management LLC bought a new stake in shares of Teledyne Technologies during the 4th quarter worth $45,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its position in shares of Teledyne Technologies by 63.2% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company's stock worth $49,000 after buying an additional 43 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on TDY. StockNews.com downgraded Teledyne Technologies from a "buy" rating to a "hold" rating in a research report on Thursday. TD Cowen dropped their price objective on Teledyne Technologies from $475.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday. Bank of America downgraded Teledyne Technologies from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $490.00 to $400.00 in a research report on Friday. Finally, Needham & Company LLC dropped their target price on Teledyne Technologies from $510.00 to $455.00 and set a "buy" rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Teledyne Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $474.86.

Teledyne Technologies Trading Down 0.6 %

NYSE TDY traded down $2.34 during trading hours on Friday, hitting $374.64. 471,369 shares of the company's stock were exchanged, compared to its average volume of 283,257. The stock has a 50-day simple moving average of $416.42 and a 200 day simple moving average of $414.43. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.56 and a beta of 1.02. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business earned $4.53 EPS. The company's revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 20.61 EPS for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other 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 value of $1,731,640.00. Following the completion of the sale, the director now owns 18,735 shares of the company's stock, valued at approximately $8,110,568.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the transaction, the director now directly owns 18,735 shares of the company's stock, valued at approximately $8,110,568.85. The disclosure for this sale can be found here. In the last three months, insiders sold 6,711 shares of company stock worth $2,890,621. 2.14% of the stock is currently owned by corporate insiders.

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.