Portside Wealth Group LLC Sells 653 Shares of Teledyne Technologies Incorporated $TDY

Portside Wealth Group LLC lowered its position in Teledyne Technologies Incorporated (NYSE:TDY) by 28.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,632 shares of the scientific and technical instruments company’s stock after selling 653 shares during the period. Portside Wealth Group LLC’s holdings in Teledyne Technologies were worth $836,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. CWM LLC boosted its position in shares of Teledyne Technologies by 8.5% during the 1st quarter. CWM LLC now owns 667 shares of the scientific and technical instruments company’s stock valued at $332,000 after acquiring an additional 52 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in Teledyne Technologies in the first quarter valued at approximately $221,000. Diversify Advisory Services LLC lifted its position in Teledyne Technologies by 11.1% during the first quarter. Diversify Advisory Services LLC now owns 571 shares of the scientific and technical instruments company’s stock valued at $264,000 after purchasing an additional 57 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in Teledyne Technologies by 2.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 3,580 shares of the scientific and technical instruments company’s stock worth $1,781,000 after buying an additional 87 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Teledyne Technologies by 21.0% in the 1st quarter. Allianz Asset Management GmbH now owns 4,251 shares of the scientific and technical instruments company’s stock worth $2,116,000 after buying an additional 738 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $503.88 on Wednesday. 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 fifty-two week low of $419.00 and a fifty-two week high of $595.99. The firm has a market cap of $23.66 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The business has a 50 day moving average price of $549.02 and a 200-day moving average price of $530.36.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 EPS for the quarter, topping the consensus estimate of $5.47 by $0.10. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. UBS Group upped their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. 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 increased their price target 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. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.