Walter Public Investments Inc. cut its stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 35.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 24,209 shares of the scientific and technical instruments company’s stock after selling 13,340 shares during the quarter. Teledyne Technologies makes up about 3.5% of Walter Public Investments Inc.’s holdings, making the stock its 8th biggest holding. Walter Public Investments Inc.’s holdings in Teledyne Technologies were worth $14,647,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of TDY. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Teledyne Technologies in the 4th quarter worth about $28,000. DV Equities LLC acquired a new position in Teledyne Technologies in the fourth quarter valued at about $33,000. Board of the Pension Protection Fund acquired a new position in Teledyne Technologies in the fourth quarter valued at about $41,000. Banque Cantonale Vaudoise bought a new stake in Teledyne Technologies during the third quarter worth about $43,000. Finally, eCIO Inc. bought a new stake in Teledyne Technologies during the fourth quarter worth about $47,000. Institutional investors own 91.58% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Stifel Nicolaus increased their target price on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Citigroup raised their target price on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $694.14.
Teledyne Technologies Stock Performance
TDY stock opened at $652.53 on Friday. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a market cap of $30.23 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 3.13 and a beta of 0.92. The business’s fifty day moving average is $627.69 and its 200-day moving average is $616.26.
Teledyne Technologies (NYSE:TDY – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.48 by $0.32. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.95 earnings per share. Teledyne Technologies has set its FY 2026 guidance at 23.850-24.150 EPS and its Q2 2026 guidance at 5.700-5.800 EPS. Equities research analysts forecast that Teledyne Technologies Incorporated will post 24.01 EPS for the current year.
Teledyne Technologies Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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