Grandfield & Dodd LLC Increases Stock Position in Teledyne Technologies Incorporated $TDY

Grandfield & Dodd LLC raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 40,384 shares of the scientific and technical instruments company’s stock after acquiring an additional 220 shares during the quarter. Teledyne Technologies accounts for approximately 1.2% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 27th biggest position. Grandfield & Dodd LLC’s holdings in Teledyne Technologies were worth $20,690,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. 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 valued at $26,000 after buying an additional 22 shares during the last quarter. TCTC Holdings LLC boosted its holdings in shares of Teledyne Technologies by 97.4% during the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 37 shares during the last quarter. First Horizon Advisors Inc. grew its stake 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 worth $40,000 after acquiring an additional 27 shares during the period. AdvisorNet Financial Inc grew its stake 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 worth $42,000 after acquiring an additional 28 shares during the period. Finally, WPG Advisers LLC purchased a new position in shares of Teledyne Technologies during the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 2.8%

Shares of TDY stock opened at $505.09 on Friday. 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 fifty day simple moving average of $551.70 and a two-hundred day simple moving average of $528.78. The firm has a market capitalization of $23.71 billion, a PE ratio of 29.25, 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 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 firm 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%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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, analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies declared that its board has authorized a stock buyback 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 purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on TDY. Morgan Stanley lifted 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 report on Wednesday, October 15th. Barclays cut their price objective on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Needham & Company LLC increased their target price on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. UBS Group raised their target price on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $606.29.

Teledyne Technologies 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.