Public Employees Retirement Association of Colorado raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 131,207 shares of the scientific and technical instruments company’s stock after acquiring an additional 12,193 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.37% of Teledyne Technologies worth $32,366,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Reilly Financial Advisors LLC bought a new stake in shares of Teledyne Technologies during the 3rd quarter valued at $133,000. Cubist Systematic Strategies LLC raised its position in shares of Teledyne Technologies by 128.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 890 shares of the scientific and technical instruments company’s stock valued at $167,000 after acquiring an additional 500 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $211,000. Independence Advisors LLC bought a new stake in shares of Teledyne Technologies during the 3rd quarter valued at $214,000. Finally, Telemus Capital LLC bought a new stake in shares of Teledyne Technologies during the 3rd quarter valued at $216,000. Institutional investors own 83.68% of the company’s stock.
Several analysts have commented on TDY shares. Zacks Investment Research cut shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Jefferies Financial Group set a $222.00 target price on shares of Teledyne Technologies and gave the company a “hold” rating in a research report on Sunday, August 5th. Finally, Needham & Company LLC upped their target price on shares of Teledyne Technologies from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, August 6th.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, October 24th. The scientific and technical instruments company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.17. Teledyne Technologies had a net margin of 10.86% and a return on equity of 14.74%. The company had revenue of $725.30 million during the quarter, compared to analyst estimates of $710.70 million. During the same quarter in the previous year, the business earned $1.96 EPS. The firm’s revenue was up 9.5% on a year-over-year basis. Research analysts expect that Teledyne Technologies Incorporated will post 8.25 earnings per share for the current year.
In related news, insider Aldo Pichelli sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $231.24, for a total value of $3,468,600.00. Following the completion of the transaction, the insider now directly owns 97,228 shares of the company’s stock, valued at approximately $22,483,002.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sue Main sold 7,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $225.41, for a total transaction of $1,577,870.00. Following the completion of the transaction, the chief financial officer now directly owns 42,158 shares of the company’s stock, valued at $9,502,834.78. The disclosure for this sale can be found here. Insiders sold a total of 92,000 shares of company stock valued at $21,128,980 in the last three months. 3.73% of the stock is owned by company insiders.
About Teledyne Technologies
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems 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 deployed in mission critical and harsh environments.
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