Teledyne Technologies Incorporated $TDY Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,236 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,637 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.05% of Teledyne Technologies worth $15,313,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Teledyne Technologies during the 2nd quarter valued at $2,751,121,000. Jupiter Topco LLC purchased a new position in Teledyne Technologies during the second quarter worth $1,027,237,000. Bank of America Corp DE bought a new position in Teledyne Technologies during the second quarter valued at $406,938,000. Findlay Park Partners LLP bought a new position in Teledyne Technologies during the second quarter valued at $277,363,000. Finally, Maren Capital LLC raised its stake in shares of Teledyne Technologies by 4.1% in the second quarter. Maren Capital LLC now owns 376,928 shares of the scientific and technical instruments company’s stock valued at $251,373,000 after acquiring an additional 14,806 shares during the period. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TDY. Stifel Nicolaus raised their target price on shares of Teledyne Technologies from $775.00 to $795.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Weiss Ratings upgraded shares of Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 29th. Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $760.00 to $775.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Morgan Stanley increased their price objective on shares of Teledyne Technologies from $715.00 to $725.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. Finally, Barclays raised their price objective on shares of Teledyne Technologies from $640.00 to $646.00 and gave the stock an “equal weight” rating in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $731.83.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $650.80 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.31 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $620.48 and its two-hundred day moving average is $635.15. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $697.67. The company has a market capitalization of $29.96 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 2.38 and a beta of 0.89.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share for the quarter, beating analysts’ consensus estimates of $6.17 by $0.55. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Teledyne Technologies had a net margin of 15.75% and a return on equity of 10.89%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $5.57 EPS. As a group, analysts expect that Teledyne Technologies Incorporated will post 25.58 earnings per share for the current year.

About Teledyne Technologies

Teledyne Technologies is an industrial technology company that develops and manufactures instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products and services support applications including environmental monitoring, marine research, scientific imaging, and industrial inspection. The company’s businesses include sensors and monitoring instruments, cameras and imaging systems, electronic components, and specialized engineering and manufacturing services.