Campbell & CO Investment Adviser LLC Takes $6.86 Million Position in Teledyne Technologies Incorporated $TDY

Campbell & CO Investment Adviser LLC purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,395 shares of the scientific and technical instruments company’s stock, valued at approximately $6,862,000. Teledyne Technologies accounts for about 0.4% of Campbell & CO Investment Adviser LLC’s investment portfolio, making the stock its 15th biggest position.

Several other large investors also recently added to or reduced their stakes in TDY. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Teledyne Technologies during the second quarter worth about $4,695,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Teledyne Technologies by 5.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 97,035 shares of the scientific and technical instruments company’s stock valued at $49,712,000 after acquiring an additional 4,870 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Teledyne Technologies by 32.6% during the second quarter. Parkside Financial Bank & Trust now owns 118 shares of the scientific and technical instruments company’s stock worth $60,000 after purchasing an additional 29 shares in the last quarter. Aviva PLC increased its position in shares of Teledyne Technologies by 7.5% in the second quarter. Aviva PLC now owns 35,016 shares of the scientific and technical instruments company’s stock worth $17,939,000 after purchasing an additional 2,456 shares during the last quarter. Finally, AGF Management Ltd. increased its position in shares of Teledyne Technologies by 7.1% in the second quarter. AGF Management Ltd. now owns 5,992 shares of the scientific and technical instruments company’s stock worth $3,070,000 after purchasing an additional 398 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

NYSE TDY opened at $512.40 on Friday. The company has a 50-day simple moving average of $553.85 and a two-hundred day simple moving average of $527.65. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $595.99. The firm has a market cap of $24.06 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 2.43 and a beta of 1.12. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.10. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.Teledyne Technologies’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.10 EPS. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its board has authorized a share repurchase plan on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have commented on TDY. UBS Group boosted their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Needham & Company LLC upped their target price on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Stifel Nicolaus increased their target price on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Barclays dropped their price target on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Finally, Morgan Stanley increased their price objective on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus target price 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.