1,637 Teledyne Technologies Incorporated $TDY Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 6.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,236 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,637 shares during the period. Illinois Municipal Retirement Fund’s holdings in Teledyne Technologies were worth $15,313,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TDY. Meeder Asset Management Inc. purchased a new stake in Teledyne Technologies in the first quarter worth about $27,000. Elevation Wealth Partners LLC grew its holdings in Teledyne Technologies by 1,025.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 45 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 41 shares in the last quarter. Allied Private Wealth LLC bought a new position in Teledyne Technologies during the 2nd quarter worth about $28,000. Trust Co. of Vermont bought a new position in Teledyne Technologies during the 2nd quarter worth about $28,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new position in Teledyne Technologies during the 3rd quarter valued at about $28,000. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Trading Up 0.7%

Shares of NYSE TDY opened at $650.80 on Thursday. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $697.67. The business has a fifty day moving average price of $620.48 and a 200 day moving average price of $635.15. The stock has a market capitalization of $29.96 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 2.38 and a beta of 0.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.31 and a quick ratio of 1.51.

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

Analyst Ratings Changes

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

Teledyne Technologies Profile

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.