Public Employees Retirement System of Ohio boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 848.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,480 shares of the scientific and technical instruments company’s stock after purchasing an additional 15,637 shares during the period. Public Employees Retirement System of Ohio’s holdings in Teledyne Technologies were worth $2,231,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TDY. UBS Asset Management Americas Inc. raised its stake in Teledyne Technologies by 25.0% during the first quarter. UBS Asset Management Americas Inc. now owns 20,443 shares of the scientific and technical instruments company’s stock worth $2,585,000 after purchasing an additional 4,087 shares during the period. OppenheimerFunds Inc. raised its stake in Teledyne Technologies by 25.3% during the first quarter. OppenheimerFunds Inc. now owns 4,695 shares of the scientific and technical instruments company’s stock worth $594,000 after purchasing an additional 947 shares during the period. Teachers Advisors LLC raised its stake in Teledyne Technologies by 6.2% during the first quarter. Teachers Advisors LLC now owns 59,732 shares of the scientific and technical instruments company’s stock worth $7,554,000 after purchasing an additional 3,464 shares during the period. Thrivent Financial For Lutherans raised its stake in Teledyne Technologies by 10.3% during the first quarter. Thrivent Financial For Lutherans now owns 6,630 shares of the scientific and technical instruments company’s stock worth $838,000 after purchasing an additional 620 shares during the period. Finally, Bank of America Corp DE raised its stake in Teledyne Technologies by 0.9% during the first quarter. Bank of America Corp DE now owns 181,686 shares of the scientific and technical instruments company’s stock worth $22,976,000 after purchasing an additional 1,676 shares during the period. 82.86% of the stock is currently owned by institutional investors.

In other Teledyne Technologies news, Director Roxanne S. Austin sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $148.30, for a total value of $593,200.00. Following the completion of the sale, the director now directly owns 11,458 shares in the company, valued at $1,699,221.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Vanwees sold 6,000 shares of Teledyne Technologies stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $147.07, for a total transaction of $882,420.00. Following the completion of the sale, the senior vice president now owns 35,159 shares of the company’s stock, valued at $5,170,834.13. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $2,060,420 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

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Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.34. The firm had revenue of $662.20 million during the quarter, compared to analysts’ expectations of $656.20 million. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The company’s revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 earnings per share.

Several research firms have recently issued reports on TDY. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reissued a “hold” rating and issued a $150.00 price objective (up previously from $145.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $157.00 price objective (up previously from $148.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $157.67.

Teledyne Technologies Company Profile

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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