Teledyne Technologies Incorporated $TDY Shares Bought by Covea Finance

Covea Finance grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 6.5% in the third quarter, Holdings Channel reports. The institutional investor owned 48,234 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,924 shares during the quarter. Covea Finance’s holdings in Teledyne Technologies were worth $28,267,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TDY. SBI Securities Co. Ltd. grew its stake in Teledyne Technologies by 75.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 22 shares during the period. Rexford Capital Inc. purchased a new position in Teledyne Technologies during the second quarter valued at $29,000. First Horizon Advisors Inc. grew its position in shares of Teledyne Technologies by 52.9% in the second quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 27 shares during the period. AdvisorNet Financial Inc grew its position in shares of Teledyne Technologies by 51.9% in the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 28 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Teledyne Technologies by 193.1% during the second quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 56 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Down 1.0%

Shares of Teledyne Technologies stock opened at $513.68 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.79 and a quick ratio of 1.20. The stock’s 50 day simple moving average is $514.74 and its 200-day simple moving average is $532.61. The stock has a market cap of $24.12 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.46 and a beta of 1.03. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year 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 EPS for the quarter, beating the consensus estimate of $5.47 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $5.10 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS and its Q4 2025 guidance at 5.730-5.880 EPS. Analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Citigroup assumed coverage on Teledyne Technologies in a report on Friday, December 12th. They set a “neutral” rating and a $567.00 target price for the company. Morgan Stanley raised their target price 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. Needham & Company LLC boosted their price target on Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $601.38.

Teledyne Technologies Company Profile

Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.

The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.