Strs Ohio Has $27.02 Million Stock Holdings in Teledyne Technologies Incorporated $TDY

Strs Ohio cut its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,741 shares of the scientific and technical instruments company’s stock after selling 5,897 shares during the quarter. Strs Ohio owned 0.11% of Teledyne Technologies worth $27,020,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its position in Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 35 shares in the last quarter. TCTC Holdings LLC grew its position in Teledyne Technologies by 97.4% during the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 37 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Teledyne Technologies by 51.9% during the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock worth $42,000 after purchasing an additional 28 shares during the period. WPG Advisers LLC bought a new position in Teledyne Technologies during the first quarter worth about $44,000. Finally, Assetmark Inc. lifted its stake in Teledyne Technologies by 193.1% during the second quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 56 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $527.47 on Friday. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99. The firm has a 50 day moving average of $556.78 and a 200-day moving average of $525.43. 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 stock has a market capitalization of $24.76 billion, a P/E ratio of 30.54, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company posted $5.10 earnings per share. Teledyne Technologies’s quarterly revenue 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 fiscal year.

Teledyne Technologies declared that its board has authorized a stock repurchase program on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

TDY has been the subject of a number of analyst reports. Barclays cut their price target on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company 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 Wednesday, October 8th. Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. UBS Group raised their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley raised their price target 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 two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.29.

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.