Flagship Harbor Advisors LLC Purchases 30 Shares of Teledyne Technologies Incorporated $TDY

Flagship Harbor Advisors LLC increased its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 803 shares of the scientific and technical instruments company’s stock after purchasing an additional 30 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Teledyne Technologies were worth $411,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Fourpath Capital Management LLC increased its position in shares of 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 valued at $366,000 after purchasing an additional 21 shares during the last quarter. Nvest Financial LLC increased its position in shares of 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 valued at $837,000 after purchasing an additional 21 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of 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 valued at $3,254,000 after purchasing an additional 23 shares during the last quarter. HighPoint Advisor Group LLC increased its position in shares of 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 valued at $359,000 after purchasing an additional 24 shares during the last quarter. Finally, First Hawaiian Bank increased its position in shares of Teledyne Technologies by 0.7% during the 1st quarter. First Hawaiian Bank now owns 3,670 shares of the scientific and technical instruments company’s stock valued at $1,827,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their target price on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Barclays dropped their price objective on 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 boosted their price objective on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, UBS Group boosted their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $606.29.

Teledyne Technologies Price Performance

TDY opened at $527.47 on Friday. The business has a fifty day moving average of $556.78 and a 200 day moving average of $525.43. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $595.99. 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 stock has a market cap of $24.76 billion, a P/E ratio of 30.54, a PEG ratio of 2.43 and a beta of 1.11.

Teledyne Technologies (NYSE:TDY) last issued 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 return on equity of 9.95% and a net margin of 13.62%.The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the business earned $5.10 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. As a group, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the scientific and technical instruments company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are 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.