Texas Permanent School Fund Corp Sells 1,673 Shares of Teledyne Technologies Incorporated $TDY

Texas Permanent School Fund Corp cut its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 33.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,294 shares of the scientific and technical instruments company’s stock after selling 1,673 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Teledyne Technologies were worth $1,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Teledyne Technologies by 11.1% during the first quarter. Wellington Management Group LLP now owns 8,585 shares of the scientific and technical instruments company’s stock valued at $4,273,000 after buying an additional 860 shares during the period. Allstate Corp boosted its position in Teledyne Technologies by 20.0% during the 1st quarter. Allstate Corp now owns 1,598 shares of the scientific and technical instruments company’s stock valued at $795,000 after acquiring an additional 266 shares in the last quarter. AlphaQuest LLC bought a new stake in Teledyne Technologies during the 1st quarter valued at approximately $57,000. Jump Financial LLC purchased a new position in shares of Teledyne Technologies during the 1st quarter worth approximately $801,000. Finally, Comerica Bank raised its position in shares of Teledyne Technologies by 0.4% in the 1st quarter. Comerica Bank now owns 10,230 shares of the scientific and technical instruments company’s stock worth $5,091,000 after acquiring an additional 40 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $518.04 on Tuesday. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99. The firm’s 50-day moving average is $517.80 and its 200 day moving average is $532.74. The stock has a market cap of $24.32 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 2.41 and a beta of 1.03. 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 released its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.10. The business 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%. Teledyne Technologies’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $5.10 EPS. 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. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup started coverage on Teledyne Technologies in a research note on Friday, December 12th. They issued a “neutral” rating and a $567.00 price target on the stock. Stifel Nicolaus upped their target price on shares of Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Barclays dropped 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 research note on Thursday, October 23rd. Finally, Morgan Stanley raised their target price on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $601.38.

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.