Public Employees Retirement Association of Colorado Sells 383 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Public Employees Retirement Association of Colorado lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,384 shares of the scientific and technical instruments company’s stock after selling 383 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Teledyne Technologies were worth $25,065,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TDY. Kapitalo Investimentos Ltda bought a new position in Teledyne Technologies in the 4th quarter valued at $29,000. CVA Family Office LLC bought a new position in Teledyne Technologies in the 4th quarter valued at $31,000. NBC Securities Inc. raised its position in Teledyne Technologies by 89.4% in the 1st quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock valued at $38,000 after purchasing an additional 42 shares during the last quarter. Creekmur Asset Management LLC bought a new position in Teledyne Technologies in the 4th quarter valued at $45,000. Finally, Covestor Ltd raised its position in Teledyne Technologies by 131.9% in the 1st quarter. Covestor Ltd now owns 109 shares of the scientific and technical instruments company’s stock valued at $47,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 0.2 %

Shares of Teledyne Technologies stock traded up $0.79 during trading on Monday, reaching $422.35. 107,409 shares of the company were exchanged, compared to its average volume of 252,283. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19. The business has a 50-day moving average price of $394.20 and a 200-day moving average price of $408.73. The firm has a market capitalization of $20.01 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.97 and a beta of 1.00.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm earned $4.67 earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America cut Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $490.00 to $400.00 in a research note on Friday, April 26th. Needham & Company LLC lifted their target price on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen lowered their target price on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, Vertical Research started coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $474.57.

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.