Y Intercept Hong Kong Ltd Makes New Investment in Teledyne Technologies Incorporated $TDY

Y Intercept Hong Kong Ltd purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,957 shares of the scientific and technical instruments company’s stock, valued at approximately $1,515,000.

Several other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its position in Teledyne Technologies by 1.6% in the second quarter. Nisa Investment Advisors LLC now owns 11,545 shares of the scientific and technical instruments company’s stock worth $5,915,000 after acquiring an additional 182 shares during the period. Wealthfront Advisers LLC raised its position in Teledyne Technologies by 23.5% in the second quarter. Wealthfront Advisers LLC now owns 2,515 shares of the scientific and technical instruments company’s stock worth $1,288,000 after acquiring an additional 479 shares during the period. MQS Management LLC bought a new position in Teledyne Technologies in the second quarter worth approximately $870,000. AG2R LA Mondiale Gestion D Actifs raised its position in Teledyne Technologies by 4.9% in the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 2,355 shares of the scientific and technical instruments company’s stock worth $1,206,000 after acquiring an additional 109 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Teledyne Technologies by 4.0% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 138,475 shares of the scientific and technical instruments company’s stock worth $70,942,000 after acquiring an additional 5,284 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TDY. Stifel Nicolaus raised their price objective 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. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. UBS Group raised their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Finally, 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 research report 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 company. Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $606.29.

Teledyne Technologies Stock Performance

TDY opened at $527.47 on Monday. The stock has a market capitalization of $24.77 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.43 and a beta of 1.11. The company has a fifty day moving average of $556.78 and a 200 day moving average of $526.28. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $595.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.20 and a current ratio of 1.79.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, beating the consensus estimate of $5.47 by $0.10. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. Teledyne Technologies’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company 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, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its board has authorized a stock buyback plan 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 purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board 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.