Teledyne Technologies Incorporated $TDY Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 28.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,797 shares of the scientific and technical instruments company’s stock after selling 7,848 shares during the quarter. Bank of Montreal Can’s holdings in Teledyne Technologies were worth $10,142,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC acquired a new stake in shares of Teledyne Technologies during the 1st quarter worth approximately $247,000. DekaBank Deutsche Girozentrale grew its position in Teledyne Technologies by 146.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,680 shares of the scientific and technical instruments company’s stock worth $3,265,000 after acquiring an additional 3,974 shares during the period. Axxcess Wealth Management LLC increased its stake in Teledyne Technologies by 9.7% during the first quarter. Axxcess Wealth Management LLC now owns 687 shares of the scientific and technical instruments company’s stock worth $342,000 after acquiring an additional 61 shares during the last quarter. Allworth Financial LP raised its position in Teledyne Technologies by 19.4% in the first quarter. Allworth Financial LP now owns 246 shares of the scientific and technical instruments company’s stock valued at $113,000 after purchasing an additional 40 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Teledyne Technologies by 7.6% in the 1st quarter. Cerity Partners LLC now owns 16,303 shares of the scientific and technical instruments company’s stock valued at $8,114,000 after purchasing an additional 1,156 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TDY. UBS Group raised their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Barclays dropped their price target on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Morgan Stanley boosted their price target on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $606.29.

Teledyne Technologies Trading Up 1.1%

Shares of TDY stock opened at $512.40 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.20 and a current ratio of 1.79. The stock has a market capitalization of $24.06 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The company has a 50 day moving average price of $553.85 and a 200 day moving average price of $527.65. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $595.99.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.53 billion. During the same period in the prior year, the business earned $5.10 EPS. The firm’s quarterly 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 EPS for the current fiscal year.

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

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.