Osaic Holdings Inc. Purchases 1,439 Shares of Teledyne Technologies Incorporated $TDY

Osaic Holdings Inc. increased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 77.2% during the second quarter, Holdings Channel reports. The firm owned 3,302 shares of the scientific and technical instruments company’s stock after buying an additional 1,439 shares during the quarter. Osaic Holdings Inc.’s holdings in Teledyne Technologies were worth $1,692,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Promus Capital LLC raised its stake in Teledyne Technologies by 23.8% in the second quarter. Promus Capital LLC now owns 2,463 shares of the scientific and technical instruments company’s stock valued at $1,262,000 after buying an additional 474 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $63,000. Rexford Capital Inc. bought a new stake in Teledyne Technologies in the 2nd quarter valued at $29,000. Nikko Asset Management Americas Inc. raised its stake in Teledyne Technologies by 26.9% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 10,782 shares of the scientific and technical instruments company’s stock valued at $5,521,000 after acquiring an additional 2,284 shares during the period. Finally, FORA Capital LLC acquired a new stake in Teledyne Technologies during the 2nd quarter valued at $910,000. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TDY. Barclays decreased their price objective on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Stifel Nicolaus increased their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley raised 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. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 22nd. Finally, Citigroup began coverage on Teledyne Technologies in a research note on Friday, December 12th. They set a “neutral” rating and a $567.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $601.38.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $516.28 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $24.24 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $595.99. The company has a 50-day simple moving average of $512.73 and a two-hundred day simple moving average of $533.31.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 EPS for the quarter, topping the consensus estimate of $5.47 by $0.10. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period 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 forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.