Strs Ohio Sells 5,897 Shares of Teledyne Technologies Incorporated $TDY

Strs Ohio lessened its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 10.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 52,741 shares of the scientific and technical instruments company’s stock after selling 5,897 shares during the period. Strs Ohio’s holdings in Teledyne Technologies were worth $27,020,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Fourpath Capital Management LLC grew its holdings in Teledyne Technologies by 3.0% during the 2nd quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock worth $366,000 after acquiring an additional 21 shares during the period. Nvest Financial LLC grew its holdings in Teledyne Technologies by 1.3% during the 2nd quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock worth $837,000 after acquiring an additional 21 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Teledyne Technologies by 0.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company’s stock worth $3,254,000 after acquiring an additional 23 shares during the period. HighPoint Advisor Group LLC grew its holdings in Teledyne Technologies by 3.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company’s stock worth $359,000 after acquiring an additional 24 shares during the period. Finally, Emerald Advisers LLC grew its holdings in Teledyne Technologies by 1.8% during the 2nd quarter. Emerald Advisers LLC now owns 1,342 shares of the scientific and technical instruments company’s stock worth $688,000 after acquiring an additional 24 shares during the period. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TDY shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Barclays lowered 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 report on Thursday, October 23rd. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. UBS Group boosted their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Stifel Nicolaus boosted their price target 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. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $606.29.

Teledyne Technologies Price Performance

Shares of TDY stock opened at $527.47 on Friday. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $595.99. The firm has a market capitalization of $24.76 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $556.78 and a 200-day moving average of $525.43.

Teledyne Technologies (NYSE:TDY) last posted 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. 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 firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.10 EPS. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies announced that its board has approved a stock repurchase plan on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.