Mitsubishi UFJ Asset Management Co. Ltd. Has $49.71 Million Stock Position in Teledyne Technologies Incorporated $TDY

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,035 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,870 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Teledyne Technologies were worth $49,712,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Fourpath Capital Management LLC increased its holdings in shares of Teledyne Technologies by 3.0% during the second quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock worth $366,000 after buying an additional 21 shares in the last quarter. Nvest Financial LLC grew its position in Teledyne Technologies by 1.3% during the 2nd quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock worth $837,000 after acquiring an additional 21 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in Teledyne Technologies by 3.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company’s stock valued at $359,000 after purchasing an additional 24 shares in the last quarter. Emerald Advisers LLC increased its holdings in Teledyne Technologies by 1.8% during the 2nd quarter. Emerald Advisers LLC now owns 1,342 shares of the scientific and technical instruments company’s stock valued at $688,000 after purchasing an additional 24 shares in the last quarter. Finally, Huntington National Bank raised its position in Teledyne Technologies by 15.9% in the 2nd quarter. Huntington National Bank now owns 175 shares of the scientific and technical instruments company’s stock valued at $90,000 after purchasing an additional 24 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of research reports. Barclays lowered their target price 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. UBS Group raised their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Morgan Stanley boosted their target price on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Finally, Needham & Company LLC boosted their price objective 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. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $606.29.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $520.29 on Tuesday. The firm has a fifty day moving average of $553.50 and a two-hundred day moving average of $528.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.20 and a current ratio of 1.79. The stock has a market capitalization of $24.43 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.43 and a beta of 1.12. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $595.99.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.10. The business had revenue of $1.54 billion for 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%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $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. As a group, equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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

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.