Findlay Park Partners LLP Sells 7,500 Shares of Teledyne Technologies Incorporated $TDY

Findlay Park Partners LLP decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,539 shares of the scientific and technical instruments company’s stock after selling 7,500 shares during the quarter. Findlay Park Partners LLP’s holdings in Teledyne Technologies were worth $107,861,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in Teledyne Technologies by 138.0% during the second quarter. Quadrant Capital Group LLC now owns 1,254 shares of the scientific and technical instruments company’s stock valued at $642,000 after purchasing an additional 727 shares in the last quarter. Vinva Investment Management Ltd increased its position in shares of Teledyne Technologies by 36.9% during the 2nd quarter. Vinva Investment Management Ltd now owns 2,566 shares of the scientific and technical instruments company’s stock valued at $1,308,000 after purchasing an additional 692 shares during the last quarter. Choreo LLC boosted its stake in Teledyne Technologies by 147.5% during the second quarter. Choreo LLC now owns 1,443 shares of the scientific and technical instruments company’s stock worth $739,000 after buying an additional 860 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Teledyne Technologies by 4.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 42,854 shares of the scientific and technical instruments company’s stock worth $21,937,000 after acquiring an additional 1,826 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Teledyne Technologies by 2.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,349 shares of the scientific and technical instruments company’s stock worth $3,765,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

Teledyne Technologies Price Performance

TDY opened at $497.96 on Thursday. The company has a market capitalization of $23.38 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 2.43 and a beta of 1.12. The company has a current ratio of 1.79, a quick ratio of 1.20 and a debt-to-equity ratio of 0.20. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $595.99. The business’s fifty day simple moving average is $541.67 and its 200-day simple moving average is $530.55.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, topping 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 net margin of 13.62% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior 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. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

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.