Campbell & CO Investment Adviser LLC Makes New $6.86 Million Investment in Teledyne Technologies Incorporated $TDY

Campbell & CO Investment Adviser LLC bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,395 shares of the scientific and technical instruments company’s stock, valued at approximately $6,862,000. Teledyne Technologies makes up about 0.4% of Campbell & CO Investment Adviser LLC’s holdings, making the stock its 15th biggest holding.

Several other institutional investors also recently modified their holdings of TDY. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Teledyne Technologies during the second quarter worth $4,695,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Teledyne Technologies by 5.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 97,035 shares of the scientific and technical instruments company’s stock worth $49,712,000 after purchasing an additional 4,870 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Teledyne Technologies by 32.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 118 shares of the scientific and technical instruments company’s stock worth $60,000 after purchasing an additional 29 shares during the period. Aviva PLC boosted its holdings in shares of Teledyne Technologies by 7.5% in the 2nd quarter. Aviva PLC now owns 35,016 shares of the scientific and technical instruments company’s stock worth $17,939,000 after buying an additional 2,456 shares during the last quarter. Finally, AGF Management Ltd. grew its position in Teledyne Technologies by 7.1% during the second quarter. AGF Management Ltd. now owns 5,992 shares of the scientific and technical instruments company’s stock valued at $3,070,000 after buying an additional 398 shares during the period. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Trading Up 1.1%

Shares of TDY stock opened at $512.40 on Friday. The stock has a market capitalization of $24.06 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 2.43 and a beta of 1.12. The company’s fifty day simple moving average is $553.85 and its two-hundred day simple moving average is $527.65. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 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 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 the consensus estimate of $5.47 by $0.10. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the business earned $5.10 earnings per share. The firm’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, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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

Wall Street Analyst Weigh In

TDY has been the topic of several research reports. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley increased 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. UBS Group raised their target price on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Barclays dropped their price target on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price 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.