Legal & General Group Plc Acquires 1,550 Shares of Teledyne Technologies Incorporated $TDY

Legal & General Group Plc lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,564 shares of the scientific and technical instruments company’s stock after buying an additional 1,550 shares during the quarter. Legal & General Group Plc owned approximately 0.54% of Teledyne Technologies worth $129,903,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TDY. SBI Securities Co. Ltd. grew its holdings in Teledyne Technologies by 75.9% in 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 period. TCTC Holdings LLC grew its stake in shares of Teledyne Technologies by 97.4% in the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 37 shares during the last quarter. First Horizon Advisors Inc. increased its position in Teledyne Technologies by 52.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 27 shares in the last quarter. AdvisorNet Financial Inc raised its stake in Teledyne Technologies by 51.9% during the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after buying an additional 28 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Teledyne Technologies by 193.1% in the second quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock worth $44,000 after acquiring an additional 56 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TDY. Barclays reduced their price target on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Morgan Stanley upped 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 note on Wednesday, October 15th. Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Needham & Company LLC upped their price objective on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $606.29.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $492.92 on Tuesday. The firm’s 50-day moving average price is $543.83 and its 200-day moving average price is $530.68. 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 $23.14 billion, a PE ratio of 28.54, a PEG 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.

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 for the quarter, beating 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 in the prior year, the firm earned $5.10 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies 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.