Texas Permanent School Fund raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,659 shares of the scientific and technical instruments company’s stock after purchasing an additional 28 shares during the quarter. Texas Permanent School Fund’s holdings in Teledyne Technologies were worth $2,663,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its holdings in Teledyne Technologies by 93.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,068 shares of the scientific and technical instruments company’s stock valued at $1,923,000 after buying an additional 1,965 shares during the period. American Century Companies Inc. raised its stake in shares of Teledyne Technologies by 4.0% in the 1st quarter. American Century Companies Inc. now owns 1,911 shares of the scientific and technical instruments company’s stock valued at $903,000 after acquiring an additional 74 shares during the period. Private Advisor Group LLC boosted its position in shares of Teledyne Technologies by 40.1% during the 1st quarter. Private Advisor Group LLC now owns 796 shares of the scientific and technical instruments company’s stock worth $376,000 after purchasing an additional 228 shares during the period. Cibc World Market Inc. increased its holdings in Teledyne Technologies by 62.5% in the 1st quarter. Cibc World Market Inc. now owns 1,370 shares of the scientific and technical instruments company’s stock valued at $648,000 after purchasing an additional 527 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Teledyne Technologies by 1,272.5% in the first quarter. Canada Pension Plan Investment Board now owns 1,400 shares of the scientific and technical instruments company’s stock valued at $662,000 after purchasing an additional 1,298 shares during the period. Institutional investors and hedge funds own 91.10% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on TDY. Credit Suisse Group dropped their price objective on Teledyne Technologies from $503.00 to $499.00 in a research note on Friday, April 28th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Finally, Needham & Company LLC reduced their price target on shares of Teledyne Technologies from $498.00 to $470.00 in a research report on Thursday, April 27th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $485.67.
Teledyne Technologies Stock Down 0.7 %
Teledyne Technologies (NYSE:TDY – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The scientific and technical instruments company reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.10. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Teledyne Technologies had a return on equity of 10.98% and a net margin of 13.67%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.27 EPS. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 19.14 EPS for the current fiscal year.
Insider Activity at Teledyne Technologies
In other Teledyne Technologies news, CEO Robert Mehrabian sold 3,400 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $440.17, for a total transaction of $1,496,578.00. Following the transaction, the chief executive officer now owns 196,052 shares of the company’s stock, valued at $86,296,208.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.14% of the stock is owned by corporate insiders.
Teledyne Technologies Company Profile
Teledyne Technologies, Inc engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial, and other applications, and electronic test and measurement equipment.
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