New York State Common Retirement Fund raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,339 shares of the scientific and technical instruments company’s stock after buying an additional 41,199 shares during the period. New York State Common Retirement Fund owned about 0.95% of Teledyne Technologies worth $42,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ironwood Investment Management LLC boosted its position in Teledyne Technologies by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 2,711 shares of the scientific and technical instruments company’s stock valued at $346,000 after buying an additional 18 shares during the period. Envestnet Asset Management Inc. boosted its position in Teledyne Technologies by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,188 shares of the scientific and technical instruments company’s stock valued at $149,000 after buying an additional 29 shares during the period. Teacher Retirement System of Texas boosted its position in Teledyne Technologies by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,651 shares of the scientific and technical instruments company’s stock valued at $338,000 after buying an additional 35 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Teledyne Technologies by 0.8% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 6,069 shares of the scientific and technical instruments company’s stock valued at $767,000 after buying an additional 47 shares during the period. Finally, World Asset Management Inc boosted its position in Teledyne Technologies by 2.8% during the 2nd quarter. World Asset Management Inc now owns 2,199 shares of the scientific and technical instruments company’s stock valued at $281,000 after buying an additional 59 shares during the period. 82.85% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts have weighed in on the stock. ValuEngine raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Jefferies Group LLC reissued a “hold” rating and set a $150.00 price target (up previously from $145.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating and set a $157.00 price target (up previously from $148.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. BidaskClub raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research report on Tuesday, August 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $157.67.

In other news, VP Thomas H. Reslewic acquired 5,000 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were acquired at an average price of $124.50 per share, for a total transaction of $622,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Melanie Susan Cibik sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $146.20, for a total transaction of $584,800.00. Following the transaction, the vice president now owns 26,280 shares in the company, valued at approximately $3,842,136. The disclosure for this sale can be found here. Insiders have sold 14,000 shares of company stock worth $2,060,420 in the last quarter. Company insiders own 3.30% of the company’s stock.

Shares of Teledyne Technologies Incorporated (TDY) opened at 161.03 on Friday. The stock has a 50 day moving average of $148.14 and a 200 day moving average of $134.82. Teledyne Technologies Incorporated has a 52-week low of $101.90 and a 52-week high of $161.58. The stock has a market capitalization of $5.69 billion, a PE ratio of 29.69 and a beta of 0.96.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The business had revenue of $671.10 million for the quarter, compared to analysts’ expectations of $636.18 million. During the same quarter in the previous year, the business posted $1.32 earnings per share. The business’s revenue was up 24.3% compared to the same quarter last year. Analysts forecast that Teledyne Technologies Incorporated will post $5.69 earnings per share for the current year.

About Teledyne Technologies

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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