New York Life Investment Management LLC Has $3.30 Million Stake in Teledyne Technologies Incorporated $TDY

New York Life Investment Management LLC increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 3.7% in the second quarter, Holdings Channel reports. The institutional investor owned 6,436 shares of the scientific and technical instruments company’s stock after buying an additional 228 shares during the period. New York Life Investment Management LLC’s holdings in Teledyne Technologies were worth $3,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDY. Golden State Wealth Management LLC raised its position in shares of Teledyne Technologies by 205.9% in the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 35 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Teledyne Technologies by 2.6% in the first quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company’s stock valued at $471,000 after buying an additional 24 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Teledyne Technologies by 17.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,018 shares of the scientific and technical instruments company’s stock valued at $2,487,000 after buying an additional 728 shares in the last quarter. Amalgamated Bank raised its position in shares of Teledyne Technologies by 1.2% in the first quarter. Amalgamated Bank now owns 9,043 shares of the scientific and technical instruments company’s stock valued at $4,501,000 after buying an additional 106 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Teledyne Technologies in the first quarter valued at approximately $401,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on TDY shares. Barclays dropped their target price on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Stifel Nicolaus boosted their price objective on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $606.29.

Teledyne Technologies Stock Up 0.4%

Shares of TDY opened at $517.33 on Friday. The firm has a 50 day simple moving average of $557.23 and a two-hundred day simple moving average of $525.01. The company has a market cap of $24.29 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.43 and a beta of 1.11. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $595.99. 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 (NYSE:TDY) last posted its 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 for the quarter, compared to analysts’ expectations of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.10 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. Research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its board has authorized a share repurchase program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to buy up to 7.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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.