Walter Public Investments Inc. Boosts Holdings in Teledyne Technologies Incorporated $TDY

Walter Public Investments Inc. grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 33.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,120 shares of the scientific and technical instruments company’s stock after acquiring an additional 8,827 shares during the quarter. Teledyne Technologies comprises about 3.4% of Walter Public Investments Inc.’s holdings, making the stock its 13th largest position. Walter Public Investments Inc. owned 0.07% of Teledyne Technologies worth $20,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. increased its position in Teledyne Technologies by 75.9% during the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 22 shares during the last quarter. Rexford Capital Inc. purchased a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $29,000. First Horizon Advisors Inc. increased its holdings in shares of Teledyne Technologies by 52.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 27 shares during the last quarter. TruNorth Capital Management LLC acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth $46,000. Finally, AdvisorNet Financial Inc raised its position in shares of Teledyne Technologies by 51.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock worth $42,000 after buying an additional 28 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

Shares of NYSE:TDY opened at $561.83 on Thursday. The business’s 50-day simple moving average is $514.12 and its 200 day simple moving average is $536.45. The company has a market cap of $26.38 billion, a P/E ratio of 32.53, a PEG ratio of 2.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.20 and a current ratio of 1.79. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $595.99.

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 for the quarter, topping analysts’ consensus estimates of $5.47 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.Teledyne Technologies’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.10 EPS. 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, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TDY has been the subject of a number of research reports. Citigroup boosted their price target on Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Barclays cut their price target on shares of Teledyne Technologies from $584.00 to $579.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Stifel Nicolaus boosted their price objective 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. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $605.38.

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.