California Public Employees Retirement System Sells 2,813 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

California Public Employees Retirement System decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,388 shares of the scientific and technical instruments company’s stock after selling 2,813 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Teledyne Technologies worth $38,108,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Teledyne Technologies in the fourth quarter worth $28,000. CVA Family Office LLC bought a new stake in Teledyne Technologies during the fourth quarter valued at $31,000. Cary Street Partners Investment Advisory LLC bought a new stake in Teledyne Technologies during the third quarter valued at $44,000. Anchor Investment Management LLC bought a new stake in Teledyne Technologies during the fourth quarter valued at $45,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its position in Teledyne Technologies by 63.2% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock valued at $49,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TDY shares. TD Cowen cut their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday. Needham & Company LLC cut their price target on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $490.00 to $400.00 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and an average target price of $474.86.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the sale, the director now owns 18,735 shares in the company, valued at approximately $8,110,568.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the transaction, the director now directly owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,711 shares of company stock worth $2,890,621. Insiders own 2.14% of the company’s stock.

Teledyne Technologies Trading Down 0.6 %

TDY opened at $374.64 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.17. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The firm has a market capitalization of $17.75 billion, a PE ratio of 20.26, a P/E/G ratio of 2.58 and a beta of 1.02. The company’s 50-day moving average is $416.42 and its 200 day moving average is $414.39.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion during 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 company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $4.53 EPS. As a group, research analysts predict that Teledyne Technologies Incorporated will post 19.35 earnings per share for the current fiscal year.

Teledyne Technologies 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.