Teledyne Technologies Incorporated $TDY Shares Purchased by Allianz SE

Allianz SE raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 11.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,602 shares of the scientific and technical instruments company’s stock after buying an additional 384 shares during the period. Allianz SE’s holdings in Teledyne Technologies were worth $1,845,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Fourpath Capital Management LLC increased its holdings in Teledyne Technologies by 3.0% in the 2nd quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock worth $366,000 after acquiring an additional 21 shares in the last quarter. Nvest Financial LLC grew its position in shares of Teledyne Technologies by 1.3% in the second 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 during the period. SBI Securities Co. Ltd. grew its position in shares of 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 valued at $26,000 after purchasing an additional 22 shares during the period. HighPoint Advisor Group LLC raised its position in shares of Teledyne Technologies by 3.2% during the 1st 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 raised its position in shares of Teledyne Technologies by 1.8% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $505.09 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 firm has a market cap of $23.71 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.43 and a beta of 1.12. The firm’s 50 day moving average price is $551.70 and its 200-day moving average price is $528.78. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year 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. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $5.10 EPS. 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 research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its Board of Directors has authorized a stock repurchase program on Wednesday, July 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Needham & Company LLC boosted their price target on Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. UBS Group increased their target price 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 reissued a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Stifel Nicolaus upped their price objective on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley raised 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. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $606.29.

About Teledyne Technologies

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.