Teledyne Technologies Incorporated $TDY Shares Purchased by KBC Group NV

KBC Group NV raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 72.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,283 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,226 shares during the period. KBC Group NV’s holdings in Teledyne Technologies were worth $2,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fourpath Capital Management LLC increased its stake in shares of Teledyne Technologies by 3.0% in the second quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock worth $366,000 after buying an additional 21 shares during the last quarter. Nvest Financial LLC raised its stake in shares of Teledyne Technologies by 1.3% in the 2nd quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock valued at $837,000 after purchasing an additional 21 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Teledyne Technologies by 75.9% during the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 22 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in shares of Teledyne Technologies by 3.2% during the first quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company’s stock worth $359,000 after purchasing an additional 24 shares during the last quarter. Finally, Emerald Advisers LLC grew its stake in Teledyne Technologies by 1.8% in the second quarter. Emerald Advisers LLC now owns 1,342 shares of the scientific and technical instruments company’s stock worth $688,000 after purchasing an additional 24 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Down 1.0%

NYSE:TDY opened at $500.58 on Monday. The firm has a market capitalization of $23.50 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.43 and a beta of 1.12. The business has a 50 day simple moving average of $550.75 and a 200 day simple moving average of $529.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.79 and a quick ratio of 1.20. 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 earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $5.10 earnings per share. The firm’s revenue for the quarter 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 EPS for the current year.

Teledyne Technologies declared that its board has initiated a share repurchase plan on Wednesday, July 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group upped their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Stifel Nicolaus upped their price target on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Barclays reduced their price objective on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Needham & Company LLC boosted 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. Finally, Morgan Stanley raised their price target 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. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average 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.