Wolverine Asset Management LLC Invests $2.93 Million in Teledyne Technologies Incorporated $TDY

Wolverine Asset Management LLC acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,000 shares of the scientific and technical instruments company’s stock, valued at approximately $2,930,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TDY. Vanguard Group Inc. increased its stake 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 during the period. State Street Corp boosted its position 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 acquiring an additional 46,916 shares during the period. Dodge & Cox bought a new position in Teledyne Technologies during the second quarter worth about $767,307,000. Geode Capital Management LLC raised its stake in Teledyne Technologies by 2.3% in the 2nd 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 in the last quarter. Finally, Norges Bank bought a new stake in Teledyne Technologies in the 2nd quarter valued at about $317,986,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TDY shares. Needham & Company LLC boosted their price target 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 boosted their price target on Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Morgan Stanley lifted their price objective on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Finally, Stifel Nicolaus boosted their price target on Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $605.38.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $581.87 on Friday. The business has a 50 day moving average of $516.76 and a 200-day moving average of $537.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.79 and a quick ratio of 1.20. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99. The company has a market capitalization of $27.32 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.43 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.10. The firm 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 revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm 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 research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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.