Teledyne Technologies Incorporated $TDY Shares Purchased 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% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 22,522 shares of the scientific and technical instruments company’s stock after buying 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 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. raised its stake in shares of Teledyne Technologies by 3.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 636 shares of the scientific and technical instruments company’s stock valued at $373,000 after acquiring an additional 20 shares during the period. Cresset Asset Management LLC increased its holdings in Teledyne Technologies by 2.5% in the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. Fourpath Capital Management LLC raised its position in Teledyne Technologies by 3.0% in the second quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock valued at $366,000 after purchasing an additional 21 shares during the period. Nvest Financial LLC lifted its stake in shares of Teledyne Technologies by 1.3% during the second quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock worth $837,000 after purchasing an additional 21 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of Teledyne Technologies by 75.9% in the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 22 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on TDY. Citigroup began coverage on Teledyne Technologies in a report on Friday, December 12th. They set a “neutral” rating and a $567.00 target price on the stock. Stifel Nicolaus lifted their price objective on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Barclays cut their price objective on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $601.38.

Teledyne Technologies Trading Down 0.1%

NYSE TDY opened at $548.59 on Friday. The company 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 current ratio of 1.79 and a quick ratio of 1.20. Teledyne Technologies Incorporated has a 12 month low of $419.00 and a 12 month high of $595.99. The company’s fifty day moving average price is $511.64 and its two-hundred day moving average price is $535.39.

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. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm earned $5.10 EPS. The company’s revenue 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. As a group, research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies 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.