Amalgamated Bank Buys 360 Shares of Teledyne Technologies Incorporated $TDY

Amalgamated Bank grew its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,403 shares of the scientific and technical instruments company’s stock after acquiring an additional 360 shares during the period. Amalgamated Bank’s holdings in Teledyne Technologies were worth $4,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TDY. OneDigital Investment Advisors LLC acquired a new stake in shares of Teledyne Technologies during the 1st quarter worth approximately $247,000. IFM Investors Pty Ltd grew its position in shares of Teledyne Technologies by 8.3% during the 1st quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company’s stock worth $4,436,000 after buying an additional 681 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Teledyne Technologies by 9.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,846 shares of the scientific and technical instruments company’s stock worth $1,416,000 after buying an additional 251 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Teledyne Technologies by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 315,911 shares of the scientific and technical instruments company’s stock worth $157,232,000 after buying an additional 13,332 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Teledyne Technologies during the 1st quarter worth approximately $801,000. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Performance

Shares of TDY opened at $527.47 on Friday. 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 twelve month low of $419.00 and a twelve month high of $595.99. The firm’s 50 day moving average price is $556.78 and its two-hundred day moving average price is $525.83. The firm has a market cap of $24.77 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 announced its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm posted $5.10 earnings per share. The business’s revenue 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. On average, analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TDY. Morgan Stanley lifted 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 report on Wednesday, October 15th. Barclays lowered 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 report on Thursday, October 23rd. 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 report on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Finally, UBS Group boosted their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $606.29.

Teledyne Technologies 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.