Teachers Retirement System of The State of Kentucky Sells 174 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,035 shares of the scientific and technical instruments company’s stock after selling 174 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Teledyne Technologies were worth $1,801,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First Citizens Bank & Trust Co. bought a new stake in shares of Teledyne Technologies in the 4th quarter worth approximately $2,325,000. ING Groep NV lifted its holdings in shares of Teledyne Technologies by 60.1% in the 4th quarter. ING Groep NV now owns 9,460 shares of the scientific and technical instruments company’s stock worth $4,222,000 after acquiring an additional 3,550 shares during the last quarter. Grandfield & Dodd LLC lifted its holdings in shares of Teledyne Technologies by 11.2% in the 4th quarter. Grandfield & Dodd LLC now owns 30,894 shares of the scientific and technical instruments company’s stock worth $13,788,000 after acquiring an additional 3,111 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Teledyne Technologies by 28.4% in the 4th quarter. Hsbc Holdings PLC now owns 91,664 shares of the scientific and technical instruments company’s stock worth $40,905,000 after acquiring an additional 20,263 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Teledyne Technologies by 69.5% in the 4th quarter. BNP Paribas Financial Markets now owns 21,931 shares of the scientific and technical instruments company’s stock worth $9,788,000 after acquiring an additional 8,992 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Up 0.5 %

Shares of Teledyne Technologies stock opened at $388.60 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $393.39 and its two-hundred day simple moving average is $415.21. The company has a market cap of $18.41 billion, a P/E ratio of 21.02, a PEG ratio of 2.72 and a beta of 1.04. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.53 earnings per share. Research analysts anticipate that Teledyne Technologies Incorporated will post 19.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TDY. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. TD Cowen decreased their target price on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Needham & Company LLC decreased their target price on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Bank of America downgraded shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $490.00 to $400.00 in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $470.83.

Teledyne Technologies Company Profile

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.