Louisiana State Employees Retirement System Makes New $1.29 Million Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Louisiana State Employees Retirement System purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,900 shares of the scientific and technical instruments company’s stock, valued at approximately $1,294,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDY. Raymond James Financial Services Advisors Inc. grew its position in Teledyne Technologies by 93.4% in the first 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 purchasing an additional 1,965 shares in the last quarter. American Century Companies Inc. grew its holdings 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 in the last quarter. Private Advisor Group LLC grew its holdings in shares of Teledyne Technologies by 40.1% in the 1st quarter. Private Advisor Group LLC now owns 796 shares of the scientific and technical instruments company’s stock valued at $376,000 after acquiring an additional 228 shares in the last quarter. Cibc World Market Inc. increased its position in shares of Teledyne Technologies by 62.5% in the first quarter. Cibc World Market Inc. now owns 1,370 shares of the scientific and technical instruments company’s stock valued at $648,000 after acquiring an additional 527 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Teledyne Technologies by 1,272.5% during the first quarter. Canada Pension Plan Investment Board now owns 1,400 shares of the scientific and technical instruments company’s stock worth $662,000 after acquiring an additional 1,298 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Teledyne Technologies

In related news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $432.91, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the sale, the director now directly owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael T. Smith sold 511 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total value of $220,241.00. Following the completion of the transaction, the director now directly owns 56,492 shares in the company, valued at $24,348,052. The disclosure for this sale can be found here. Insiders have sold a total of 6,711 shares of company stock worth $2,890,621 over the last ninety days. Insiders own 1.88% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $401.36 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average price is $420.68 and its two-hundred day moving average price is $415.19. The company has a market cap of $19.02 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. Teledyne Technologies Incorporated has a twelve month low of $364.98 and a twelve month high of $448.19.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm earned $4.94 EPS. The firm’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Teledyne Technologies Incorporated will post 20.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Needham & Company LLC decreased their price target on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $515.67.

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.