Teledyne Technologies Incorporated $TDY Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 84.6% in the third quarter, HoldingsChannel.com reports. The firm owned 22,522 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,321 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Teledyne Technologies were worth $13,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Oregon Public Employees Retirement Fund lifted its position in shares of Teledyne Technologies by 33.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 5,366 shares of the scientific and technical instruments company’s stock worth $3,145,000 after buying an additional 1,357 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Teledyne Technologies by 52.1% during the third quarter. State of Alaska Department of Revenue now owns 8,016 shares of the scientific and technical instruments company’s stock worth $4,697,000 after acquiring an additional 2,746 shares during the period. Benjamin Edwards Inc. lifted its holdings in Teledyne Technologies by 22.0% in the third quarter. Benjamin Edwards Inc. now owns 1,182 shares of the scientific and technical instruments company’s stock worth $693,000 after acquiring an additional 213 shares during the last quarter. HB Wealth Management LLC boosted its stake in Teledyne Technologies by 9.7% in the third quarter. HB Wealth Management LLC now owns 817 shares of the scientific and technical instruments company’s stock valued at $479,000 after acquiring an additional 72 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in shares of Teledyne Technologies by 1.9% during the third quarter. Park Avenue Securities LLC now owns 2,168 shares of the scientific and technical instruments company’s stock valued at $1,271,000 after purchasing an additional 41 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Price Performance

Shares of TDY opened at $548.59 on Friday. The firm has a market capitalization of $25.76 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 2.34 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. The stock’s fifty day moving average is $511.64 and its 200-day moving average is $535.39.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data 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 net margin of 13.62% and a return on equity of 9.95%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analyst Upgrades and Downgrades

TDY has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Needham & Company LLC raised their target price on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Citigroup initiated coverage on shares of Teledyne Technologies in a report on Friday, December 12th. They set a “neutral” rating and a $567.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Finally, Barclays reduced their target price on shares of 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. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $601.38.

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.