Avantax Advisory Services Inc. Has $1.99 Million Stock Position in Teledyne Technologies Incorporated $TDY

Avantax Advisory Services Inc. grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,890 shares of the scientific and technical instruments company’s stock after buying an additional 170 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Teledyne Technologies were worth $1,993,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC grew its position in Teledyne Technologies by 8.5% during the 1st quarter. CWM LLC now owns 667 shares of the scientific and technical instruments company’s stock worth $332,000 after acquiring an additional 52 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Teledyne Technologies by 21.0% during the first quarter. Allianz Asset Management GmbH now owns 4,251 shares of the scientific and technical instruments company’s stock worth $2,116,000 after purchasing an additional 738 shares during the last quarter. AE Wealth Management LLC acquired a new position in shares of Teledyne Technologies in the first quarter valued at approximately $234,000. Cetera Investment Advisers raised its holdings in Teledyne Technologies by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 9,714 shares of the scientific and technical instruments company’s stock valued at $4,835,000 after buying an additional 497 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Teledyne Technologies by 3,319.3% during the 1st quarter. Pacer Advisors Inc. now owns 181,601 shares of the scientific and technical instruments company’s stock worth $90,385,000 after buying an additional 176,290 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TDY has been the subject of several recent research reports. Barclays decreased 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 increased their price objective on 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 Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Stifel Nicolaus upped their price target on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $606.29.

Teledyne Technologies Stock Up 2.0%

Shares of NYSE:TDY opened at $494.03 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. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $595.99. The business’s 50 day simple moving average is $545.10 and its two-hundred day simple moving average is $529.89. The firm has a market cap of $23.20 billion, a P/E ratio of 28.61, a PEG ratio of 2.43 and a beta of 1.12.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 EPS 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $5.10 earnings per share. The company’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. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal 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.