Thrivent Financial for Lutherans Lowers Position in Teledyne Technologies Incorporated $TDY

Thrivent Financial for Lutherans lessened its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,261 shares of the scientific and technical instruments company’s stock after selling 1,659 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Teledyne Technologies were worth $5,769,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Teledyne Technologies by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 5,841,524 shares of the scientific and technical instruments company’s stock valued at $2,992,671,000 after acquiring an additional 123,229 shares in the last quarter. State Street Corp raised its holdings in shares of Teledyne Technologies by 2.2% in the second quarter. State Street Corp now owns 2,143,419 shares of the scientific and technical instruments company’s stock valued at $1,098,095,000 after purchasing an additional 46,916 shares during the last quarter. Dodge & Cox bought a new position in shares of Teledyne Technologies during the second quarter valued at about $767,307,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Teledyne Technologies by 10.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company’s stock worth $726,369,000 after purchasing an additional 143,062 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Teledyne Technologies by 2.3% during the second quarter. Geode Capital Management LLC now owns 1,242,610 shares of the scientific and technical instruments company’s stock worth $635,107,000 after purchasing an additional 28,461 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $510.22 on Friday. The firm’s 50 day moving average is $518.82 and its 200 day moving average is $532.14. The stock has a market capitalization of $23.95 billion, a P/E ratio of 29.54, a PEG ratio of 2.38 and a beta of 1.03. Teledyne Technologies Incorporated has a 12 month low of $419.00 and a 12 month high of $595.99. 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 (NYSE:TDY) last issued its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.10. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TDY has been the subject of several analyst reports. Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Stifel Nicolaus increased their price target on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Morgan Stanley lifted their price target on Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Barclays reduced their price objective 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 reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $601.38.

About Teledyne Technologies

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.