Resona Asset Management Co. Ltd. Purchases 1,229 Shares of Teledyne Technologies Incorporated $TDY

Resona Asset Management Co. Ltd. raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,708 shares of the scientific and technical instruments company’s stock after buying an additional 1,229 shares during the quarter. Resona Asset Management Co. Ltd. owned about 0.05% of Teledyne Technologies worth $12,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC purchased a new stake in Teledyne Technologies during the 1st quarter valued at about $247,000. Integrated Wealth Concepts LLC lifted its stake in shares of Teledyne Technologies by 9.7% in the first 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 in the last quarter. Swedbank AB lifted its stake in shares of Teledyne Technologies by 7.4% in the second quarter. Swedbank AB now owns 17,496 shares of the scientific and technical instruments company’s stock worth $8,963,000 after buying an additional 1,200 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Teledyne Technologies by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 315,911 shares of the scientific and technical instruments company’s stock valued at $157,232,000 after acquiring an additional 13,332 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Teledyne Technologies in the 1st quarter worth approximately $801,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. Morgan Stanley increased their target price on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Stifel Nicolaus upped 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. Needham & Company LLC lifted their price objective on Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. UBS Group boosted 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 shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $606.29.

Teledyne Technologies Trading Up 1.1%

Teledyne Technologies stock opened at $512.40 on Friday. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $595.99. The company has a market cap of $24.06 billion, a P/E ratio of 29.67, a P/E/G ratio of 2.43 and a beta of 1.12. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $553.85 and a two-hundred day simple moving average of $527.18.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm posted $5.10 earnings per share. 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. Analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its Board of Directors has approved a share buyback program 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 repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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.