EULAV Asset Management Buys 13,500 Shares of Teledyne Technologies Incorporated $TDY

EULAV Asset Management boosted its position in Teledyne Technologies Incorporated (NYSE:TDYFree Report) by 14.5% in the third quarter, HoldingsChannel.com reports. The firm owned 106,500 shares of the scientific and technical instruments company’s stock after acquiring an additional 13,500 shares during the period. Teledyne Technologies accounts for approximately 1.5% of EULAV Asset Management’s investment portfolio, making the stock its 20th biggest holding. EULAV Asset Management’s holdings in Teledyne Technologies were worth $62,413,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Dodge & Cox bought a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $767,307,000. Norges Bank purchased a new position in Teledyne Technologies in the second quarter worth $317,986,000. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. Marshall Wace LLP lifted its holdings in shares of Teledyne Technologies by 582.0% during the 2nd quarter. Marshall Wace LLP now owns 82,649 shares of the scientific and technical instruments company’s stock valued at $42,342,000 after purchasing an additional 70,531 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Teledyne Technologies by 2.2% in the 2nd quarter. State Street Corp now owns 2,143,419 shares of the scientific and technical instruments company’s stock worth $1,098,095,000 after purchasing an additional 46,916 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $569.04 on Friday. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve 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. The company has a market cap of $26.72 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.39 and a beta of 1.03. The company’s 50 day moving average is $515.37 and its 200 day moving average is $536.68.

Teledyne Technologies (NYSE:TDYGet Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 EPS for the quarter, beating 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 business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm earned $5.10 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. 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 forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup upped their target price on Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research report on Tuesday. Stifel Nicolaus upped their price objective on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Barclays cut their price target on shares of Teledyne Technologies from $584.00 to $579.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Morgan Stanley lifted their price objective 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. Six 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, the company has a consensus rating of “Moderate Buy” and an average price target of $605.38.

Check Out Our Latest Research Report on Teledyne Technologies

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Teledyne Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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