Hantz Financial Services Inc. Decreases Stock Holdings in Teledyne Technologies Incorporated $TDY

Hantz Financial Services Inc. decreased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 90.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,190 shares of the scientific and technical instruments company’s stock after selling 20,199 shares during the period. Hantz Financial Services Inc.’s holdings in Teledyne Technologies were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC lifted its position in shares of Teledyne Technologies by 97.4% during the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock valued at $37,000 after buying an additional 37 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Teledyne Technologies by 51.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after buying an additional 28 shares in the last quarter. WPG Advisers LLC purchased a new position in Teledyne Technologies in the 1st quarter valued at $44,000. AlphaQuest LLC purchased a new position in Teledyne Technologies in the 1st quarter valued at $57,000. Finally, UMB Bank n.a. lifted its holdings in Teledyne Technologies by 81.8% in the 2nd quarter. UMB Bank n.a. now owns 120 shares of the scientific and technical instruments company’s stock valued at $61,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 1.9%

Shares of TDY opened at $527.47 on Friday. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $595.99. The company has a market capitalization of $24.77 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11. The stock has a fifty day simple moving average of $556.78 and a two-hundred day simple moving average of $525.83. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.53 billion. During the same period last year, the company earned $5.10 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. 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, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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

Wall Street Analyst Weigh In

TDY has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Needham & Company LLC raised 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. Stifel Nicolaus raised their price objective on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Barclays decreased their price objective on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Finally, Morgan Stanley raised their price objective on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Six equities 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $606.29.

About Teledyne Technologies

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.