Texas Permanent School Fund Corp boosted its position in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 46.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,772 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,113 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Teledyne Technologies were worth $4,372,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust acquired a new position in Teledyne Technologies in the 4th quarter valued at $348,000. Daiwa Securities Group Inc. raised its holdings in shares of Teledyne Technologies by 4.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,663 shares of the scientific and technical instruments company’s stock worth $2,265,000 after acquiring an additional 263 shares during the period. Metis Global Partners LLC raised its holdings in shares of Teledyne Technologies by 39.5% during the 4th quarter. Metis Global Partners LLC now owns 974 shares of the scientific and technical instruments company’s stock worth $390,000 after acquiring an additional 276 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Teledyne Technologies during the 4th quarter worth $219,000. Finally, FORA Capital LLC purchased a new position in shares of Teledyne Technologies during the 4th quarter worth $348,000. 93.31% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Stock Performance
Shares of Teledyne Technologies stock opened at $412.45 on Monday. Teledyne Technologies Incorporated has a one year low of $325.00 and a one year high of $448.71. The company has a market cap of $19.41 billion, a PE ratio of 26.10, a P/E/G ratio of 3.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.30 and a current ratio of 1.94. The business has a 50-day simple moving average of $404.88 and a 200-day simple moving average of $417.55.
Analyst Ratings Changes
Several research firms have recently commented on TDY. Needham & Company LLC reduced their price target on Teledyne Technologies from $498.00 to $470.00 in a report on Thursday, April 27th. Credit Suisse Group reduced their price objective on shares of Teledyne Technologies from $503.00 to $499.00 in a report on Friday, April 28th. Bank of America boosted their price objective on shares of Teledyne Technologies from $533.00 to $565.00 in a report on Thursday, May 25th. Finally, StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 26th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $505.50.
Insider Activity at Teledyne Technologies
In related news, VP Melanie Susan Cibik sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $413.00, for a total value of $826,000.00. Following the completion of the transaction, the vice president now directly owns 27,305 shares of the company’s stock, valued at $11,276,965. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.14% of the stock is currently owned by corporate insiders.
Teledyne Technologies Profile
Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, France, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.
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