Vestmark Advisory Solutions Inc. Lowers Position in Teledyne Technologies Incorporated $TDY

Vestmark Advisory Solutions Inc. trimmed its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 30.4% during the second quarter, HoldingsChannel reports. The fund owned 12,628 shares of the scientific and technical instruments company’s stock after selling 5,521 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Teledyne Technologies were worth $6,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Teledyne Technologies by 56.9% during the 1st 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 worth $318,819,000 after purchasing an additional 232,401 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Teledyne Technologies by 3,319.3% in the first quarter. Pacer Advisors Inc. now owns 181,601 shares of the scientific and technical instruments company’s stock valued at $90,385,000 after buying an additional 176,290 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Teledyne Technologies by 10.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company’s stock worth $726,369,000 after acquiring an additional 143,062 shares during the period. Vanguard Group Inc. raised its position in Teledyne Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company’s stock worth $2,846,053,000 after acquiring an additional 105,811 shares in the last quarter. Finally, Greenhouse Funds LLLP purchased a new position in Teledyne Technologies in the first quarter worth $48,532,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 1.1%

Teledyne Technologies stock opened at $512.40 on Friday. The stock has a 50-day moving average price of $553.85 and a 200 day moving average price of $527.18. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $595.99. The stock has a market cap of $24.06 billion, a PE ratio of 29.67, a P/E/G ratio of 2.43 and a beta of 1.12. The company has a current ratio of 1.79, a quick ratio of 1.20 and a debt-to-equity ratio of 0.20.

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 the consensus estimate of $5.47 by $0.10. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the firm earned $5.10 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. 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 fiscal year.

Teledyne Technologies declared that its Board of Directors has authorized a share repurchase plan on Wednesday, July 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on TDY. Morgan Stanley boosted their target price on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Barclays decreased their price objective 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. UBS Group increased their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Stifel Nicolaus boosted their price target on Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Needham & Company LLC raised their price objective on 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.