Legal & General Group Plc Purchases 1,550 Shares of Teledyne Technologies Incorporated $TDY

Legal & General Group Plc lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 253,564 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,550 shares during the period. Legal & General Group Plc’s holdings in Teledyne Technologies were worth $129,903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Teledyne Technologies by 56.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company’s stock valued at $318,819,000 after buying an additional 232,401 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Teledyne Technologies by 10.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company’s stock valued at $726,369,000 after acquiring an additional 143,062 shares during the period. Vanguard Group Inc. increased its stake in shares of Teledyne Technologies by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,841,524 shares of the scientific and technical instruments company’s stock worth $2,992,671,000 after purchasing an additional 123,229 shares in the last quarter. Greenhouse Funds LLLP bought a new position in Teledyne Technologies in the 1st quarter worth $48,532,000. Finally, Nuveen LLC purchased a new position in Teledyne Technologies during the first quarter valued at $47,886,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

NYSE TDY opened at $492.92 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $595.99. The business has a 50-day moving average price of $543.83 and a 200-day moving average price of $530.68. The firm has a market cap of $23.14 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm earned $5.10 EPS. The firm’s 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, equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stifel Nicolaus boosted their price target on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. 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 report on Wednesday, October 15th. Barclays reduced 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 report on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Finally, Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $606.29.

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.