State of New Jersey Common Pension Fund D Trims Holdings in Teledyne Technologies Incorporated $TDY

State of New Jersey Common Pension Fund D cut its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,023 shares of the scientific and technical instruments company’s stock after selling 195 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Teledyne Technologies were worth $7,696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fourpath Capital Management LLC grew its holdings in Teledyne Technologies by 3.0% in the second quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock worth $366,000 after purchasing an additional 21 shares during the period. Nvest Financial LLC grew its stake in shares of Teledyne Technologies by 1.3% in the 2nd quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock worth $837,000 after buying an additional 21 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Teledyne Technologies by 0.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company’s stock worth $3,254,000 after buying an additional 23 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Teledyne Technologies by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company’s stock worth $471,000 after buying an additional 24 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its stake in shares of Teledyne Technologies by 3.2% in the first quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company’s stock worth $359,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $532.66 on Monday. The stock’s 50-day simple moving average is $558.72 and its 200-day simple moving average is $523.82. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $595.99. The company has a market capitalization of $24.98 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 2.46 and a beta of 1.11. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 EPS for the quarter, topping the consensus estimate of $5.47 by $0.10. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.10 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. As a group, analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has approved a share buyback plan on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the completion of the transaction, the chief executive officer owned 10,391 shares in the company, valued at $5,771,265.31. This trade represents a 39.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TDY shares. UBS Group increased their target price on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Morgan Stanley increased their target price on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Needham & Company LLC increased their price objective on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday. Finally, Stifel Nicolaus increased their price objective on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.29.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.