New York Life Investment Management LLC Has $3.30 Million Holdings in Teledyne Technologies Incorporated $TDY

New York Life Investment Management LLC boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,436 shares of the scientific and technical instruments company’s stock after purchasing an additional 228 shares during the period. New York Life Investment Management LLC’s holdings in Teledyne Technologies were worth $3,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Teledyne Technologies by 16.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,553 shares of the scientific and technical instruments company’s stock worth $16,165,000 after buying an additional 4,500 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Teledyne Technologies during the 2nd quarter worth about $1,515,000. Nisa Investment Advisors LLC boosted its stake in shares of Teledyne Technologies by 1.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,545 shares of the scientific and technical instruments company’s stock worth $5,915,000 after buying an additional 182 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Teledyne Technologies by 23.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 2,515 shares of the scientific and technical instruments company’s stock worth $1,288,000 after buying an additional 479 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Teledyne Technologies during the 2nd quarter worth about $870,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 0.4%

Shares of TDY stock opened at $517.33 on Friday. The firm has a 50 day moving average price of $557.23 and a two-hundred day moving average price of $525.01. 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 company has a market capitalization of $24.29 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $595.99.

Teledyne Technologies (NYSE:TDY) last issued 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 the consensus estimate of $5.47 by $0.10. The firm had revenue of $1.54 billion during 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 business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $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. As a group, analysts predict 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 stock buyback program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TDY shares. Stifel Nicolaus increased their price objective on shares of Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. UBS Group increased their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Barclays reduced their price objective on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Finally, Needham & Company LLC raised their target price on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Teledyne Technologies presently 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.