Teacher Retirement System of Texas Buys 571 Shares of Teledyne Technologies Inc. (TDY)
Teacher Retirement System of Texas increased its position in Teledyne Technologies Inc. (NYSE:TDY) by 13.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,695 shares of the company’s stock after buying an additional 571 shares during the period. Teacher Retirement System of Texas’ holdings in Teledyne Technologies were worth $465,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Teledyne Technologies during the second quarter worth approximately $106,000. Springbok Capital Management LLC boosted its position in shares of Teledyne Technologies by 800.0% in the first quarter. Springbok Capital Management LLC now owns 1,800 shares of the company’s stock worth $159,000 after buying an additional 1,600 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Teledyne Technologies by 75.1% in the second quarter. LS Investment Advisors LLC now owns 2,128 shares of the company’s stock worth $211,000 after buying an additional 913 shares in the last quarter. Capstone Asset Management Co. bought a new position in shares of Teledyne Technologies during the second quarter worth approximately $229,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Teledyne Technologies by 1,909.5% in the second quarter. JPMorgan Chase & Co. now owns 2,753 shares of the company’s stock worth $273,000 after buying an additional 2,616 shares in the last quarter. 87.85% of the stock is currently owned by institutional investors.
Shares of Teledyne Technologies Inc. (NYSE:TDY) traded down 2.01% during trading on Friday, reaching $105.34. 37,340 shares of the company traded hands. The stock has a market cap of $3.65 billion, a P/E ratio of 19.79 and a beta of 0.94. The stock’s 50 day moving average price is $107.37 and its 200-day moving average price is $99.56. Teledyne Technologies Inc. has a 12 month low of $73.66 and a 12 month high of $110.61.
Teledyne Technologies (NYSE:TDY) last issued its earnings results on Thursday, August 4th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.08. Teledyne Technologies had a return on equity of 13.03% and a net margin of 8.46%. The firm had revenue of $534.90 million for the quarter, compared to analysts’ expectations of $546.57 million. During the same period in the previous year, the firm posted $1.34 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. On average, equities research analysts expect that Teledyne Technologies Inc. will post $5.16 EPS for the current fiscal year.
TDY has been the topic of several research reports. Zacks Investment Research cut Teledyne Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. CL King cut Teledyne Technologies from a “buy” rating to a “neutral” rating and set a $107.00 target price on the stock. in a report on Wednesday, July 6th. Finally, Jefferies Group lifted their price target on Teledyne Technologies from $90.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, August 5th.
In related news, Director Paul David Miller sold 4,695 shares of Teledyne Technologies stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $108.56, for a total value of $509,689.20. Following the completion of the transaction, the director now owns 21,257 shares in the company, valued at $2,307,659.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jason Vanwees sold 3,000 shares of Teledyne Technologies stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $105.44, for a total value of $316,320.00. Following the completion of the transaction, the senior vice president now owns 31,017 shares of the company’s stock, valued at approximately $3,270,432.48. The disclosure for this sale can be found here. 3.93% of the stock is owned by corporate insiders.
About Teledyne Technologies
Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to a range of markets, which include deepwater oil and gas exploration and production, oceanographic research, and air and water quality environmental monitoring. Its products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, and electronic test and measurement equipment.
Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Inc. (NYSE:TDY).
Receive News & Ratings for Teledyne Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.