Todays Report: The Teledyne Technologies Inc. (TDY) Position Held by Public Employees Retirement Association of Colorado

The Teledyne Technologies Inc. (TDY) Position Held by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado held its stake in shares of Teledyne Technologies Inc. (NYSE:TDY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,668 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Teledyne Technologies were worth $12,844,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Bank of Montreal Can acquired a new position in Teledyne Technologies during the second quarter valued at approximately $106,000. Springbok Capital Management LLC raised its position in Teledyne Technologies by 800.0% in the first quarter. Springbok Capital Management LLC now owns 1,800 shares of the company’s stock valued at $159,000 after buying an additional 1,600 shares during the last quarter. LS Investment Advisors LLC raised its position in Teledyne Technologies by 75.1% in the second quarter. LS Investment Advisors LLC now owns 2,128 shares of the company’s stock valued at $211,000 after buying an additional 913 shares during the last quarter. Capstone Asset Management Co. acquired a new position in Teledyne Technologies during the second quarter valued at approximately $229,000. Finally, Cardinal Capital Management raised its position in Teledyne Technologies by 6.4% in the second quarter. Cardinal Capital Management now owns 3,754 shares of the company’s stock valued at $372,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.

Shares of Teledyne Technologies Inc. (NYSE:TDY) traded down 0.27% on Thursday, reaching $103.14. 26,284 shares of the company were exchanged. The stock has a market capitalization of $3.57 billion, a PE ratio of 19.38 and a beta of 0.94. The company has a 50-day moving average price of $106.94 and a 200 day moving average price of $100.03. Teledyne Technologies Inc. has a 1-year low of $73.65 and a 1-year high of $110.61.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Thursday, August 4th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.08. The company had revenue of $534.90 million for the quarter, compared to analyst estimates of $546.57 million. Teledyne Technologies had a net margin of 8.46% and a return on equity of 13.03%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. On average, analysts forecast that Teledyne Technologies Inc. will post $5.16 EPS for the current fiscal year.

Several research firms have recently commented on TDY. Zacks Investment Research raised shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Jefferies Group raised their price objective on shares of Teledyne Technologies from $90.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, August 5th. Finally, CL King lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and set a $107.00 price objective for the company. in a research note on Wednesday, July 6th.

In other news, Director Charles Crocker sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $108.47, for a total transaction of $433,880.00. Following the completion of the transaction, the director now owns 46,669 shares of the company’s stock, valued at approximately $5,062,186.43. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul David Miller sold 4,695 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $108.56, for a total transaction of $509,689.20. Following the transaction, the director now directly owns 21,257 shares of the company’s stock, valued at approximately $2,307,659.92. The disclosure for this sale can be found here. 3.93% of the stock is currently owned by company insiders.

Teledyne Technologies Company Profile

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.

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