SVB Wealth LLC Buys Shares of 3,808 Teledyne Technologies Incorporated $TDY

SVB Wealth LLC purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,808 shares of the scientific and technical instruments company’s stock, valued at approximately $1,951,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dodge & Cox bought a new stake in Teledyne Technologies during the second quarter valued at $767,307,000. Norges Bank purchased a new stake in shares of Teledyne Technologies during the second quarter valued at approximately $317,986,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Teledyne Technologies by 56.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company’s stock worth $318,819,000 after buying an additional 232,401 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew 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 valued at $726,369,000 after purchasing an additional 143,062 shares during the period. Finally, Vanguard Group Inc. boosted its position in Teledyne Technologies by 2.2% during the second quarter. Vanguard Group Inc. now owns 5,841,524 shares of the scientific and technical instruments company’s stock worth $2,992,671,000 after purchasing an additional 123,229 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TDY. Morgan Stanley increased their price objective on 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 reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their target price on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Barclays cut their price objective on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Finally, Needham & Company LLC boosted their price target on Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average price target of $606.29.

Teledyne Technologies Trading Down 1.7%

TDY opened at $513.59 on Tuesday. The stock’s 50 day moving average price is $531.54 and its 200-day moving average price is $531.50. The stock has a market cap of $24.11 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 2.46 and a beta of 1.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.20 and a current ratio of 1.79. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $595.99.

Teledyne Technologies (NYSE:TDY) last released 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. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company 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. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies Company 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.