Kentucky Retirement Systems Insurance Trust Fund Takes $670,000 Position in Teledyne Technologies Incorporated (NYSE:TDY)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,346 shares of the scientific and technical instruments company’s stock, valued at approximately $670,000.

Several other hedge funds also recently modified their holdings of TDY. Running Oak Capital LLC grew its holdings in shares of Teledyne Technologies by 2.9% in the 1st quarter. Running Oak Capital LLC now owns 31,274 shares of the scientific and technical instruments company’s stock worth $15,565,000 after acquiring an additional 872 shares during the last quarter. Covea Finance grew its holdings in shares of Teledyne Technologies by 35.5% in the 1st quarter. Covea Finance now owns 29,000 shares of the scientific and technical instruments company’s stock worth $14,434,000 after acquiring an additional 7,600 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Teledyne Technologies in the 1st quarter worth $615,000. Blue Trust Inc. grew its holdings in shares of Teledyne Technologies by 23.8% in the 1st quarter. Blue Trust Inc. now owns 1,498 shares of the scientific and technical instruments company’s stock worth $746,000 after acquiring an additional 288 shares during the last quarter. Finally, Silver Oak Securities Incorporated acquired a new position in shares of Teledyne Technologies in the 1st quarter worth $69,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDY has been the topic of a number of recent research reports. Bank of America lifted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Stifel Nicolaus initiated coverage on Teledyne Technologies in a report on Tuesday. They issued a “buy” rating and a $626.00 target price on the stock. Needham & Company LLC decreased their target price on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, TD Securities restated a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies has an average rating of “Buy” and a consensus price target of $554.43.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $494.63 on Wednesday. The stock has a market cap of $23.18 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The business has a fifty day simple moving average of $484.29 and a 200-day simple moving average of $484.72. The company has a quick ratio of 1.44, a current ratio of 2.19 and a debt-to-equity ratio of 0.30. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.92 by $0.03. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. Teledyne Technologies’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.55 earnings per share. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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.