ABN Amro Investment Solutions Makes New Investment in Teledyne Technologies Incorporated $TDY

ABN Amro Investment Solutions purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,600 shares of the scientific and technical instruments company’s stock, valued at approximately $6,455,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB lifted its holdings in Teledyne Technologies by 7.4% during the 2nd quarter. Swedbank AB now owns 17,496 shares of the scientific and technical instruments company’s stock worth $8,963,000 after buying an additional 1,200 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Teledyne Technologies by 9.7% during the first quarter. Integrated Wealth Concepts LLC now owns 2,846 shares of the scientific and technical instruments company’s stock worth $1,416,000 after acquiring an additional 251 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Teledyne Technologies by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 315,911 shares of the scientific and technical instruments company’s stock worth $157,232,000 after acquiring an additional 13,332 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Teledyne Technologies during the first quarter valued at $801,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Teledyne Technologies by 86.6% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,201 shares of the scientific and technical instruments company’s stock valued at $6,251,000 after acquiring an additional 5,663 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Down 2.8%

NYSE:TDY opened at $505.09 on Friday. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99. The stock has a 50-day moving average price of $551.70 and a two-hundred day moving average price of $528.78. The stock has a market cap of $23.71 billion, a price-to-earnings ratio of 29.25, a PEG 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 released its quarterly earnings data 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. 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 in the previous year, the business posted $5.10 EPS. Teledyne Technologies’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. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies announced that its Board of Directors has initiated a stock buyback program 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 buy up to 7.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

TDY has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. UBS Group boosted their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Morgan Stanley increased their price objective on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Barclays dropped their target price 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. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.