SG Americas Securities LLC Reduces Stock Position in Teledyne Technologies Incorporated $TDY

SG Americas Securities LLC cut its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 73.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,006 shares of the scientific and technical instruments company’s stock after selling 32,971 shares during the quarter. SG Americas Securities LLC’s holdings in Teledyne Technologies were worth $7,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its stake in Teledyne Technologies by 75.9% during 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 buying an additional 22 shares during the last quarter. Rexford Capital Inc. bought a new stake in shares of Teledyne Technologies in the second quarter worth $29,000. First Horizon Advisors Inc. increased its position in Teledyne Technologies by 52.9% during 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 acquiring an additional 27 shares during the last quarter. AdvisorNet Financial Inc increased its position in Teledyne Technologies by 51.9% during the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 28 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Teledyne Technologies by 193.1% in the second quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 56 shares during the period. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Citigroup started coverage on shares of 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 lifted their price target on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Finally, Barclays decreased their target price on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $601.38.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $548.59 on Friday. The stock has a market cap of $25.76 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 2.34 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. The firm has a fifty day moving average price of $511.64 and a 200-day moving average price of $535.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.79 and a quick ratio of 1.20.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share 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 during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm posted $5.10 EPS. Teledyne Technologies’s quarterly 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 and its Q4 2025 guidance at 5.730-5.880 EPS. Equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies 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.