Teledyne Technologies Incorporated $TDY Position Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 7.8% in the 2nd quarter, Holdings Channel reports. The fund owned 11,492 shares of the scientific and technical instruments company’s stock after buying an additional 835 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teledyne Technologies were worth $5,887,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TDY. Fourpath Capital Management LLC boosted its stake in Teledyne Technologies by 3.0% during the 2nd quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock valued at $366,000 after purchasing an additional 21 shares during the period. Nvest Financial LLC raised its holdings in shares of Teledyne Technologies by 1.3% during the second quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock valued at $837,000 after buying an additional 21 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Teledyne Technologies by 75.9% during the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 22 shares during the period. HighPoint Advisor Group LLC grew its holdings in Teledyne Technologies by 3.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company’s stock worth $359,000 after buying an additional 24 shares in the last quarter. Finally, Emerald Advisers LLC increased its position in Teledyne Technologies by 1.8% in 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 acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TDY. Morgan Stanley boosted their price target on Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. UBS Group raised their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Stifel Nicolaus boosted their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.29.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $500.24 on Tuesday. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $595.99. The company has a current ratio of 1.79, a quick ratio of 1.20 and a debt-to-equity ratio of 0.20. The stock has a market cap of $23.49 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The company’s 50-day moving average price is $549.83 and its two-hundred day moving average price is $530.18.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data 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. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company posted $5.10 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. 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, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are 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.