Bank Julius Baer & Co. Ltd Zurich Trims Holdings in Teledyne Technologies Incorporated $TDY

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,086 shares of the scientific and technical instruments company’s stock after selling 431 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Teledyne Technologies were worth $4,350,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TDY. SBI Securities Co. Ltd. increased its stake in Teledyne Technologies by 75.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 22 shares during the period. TCTC Holdings LLC increased its position in shares of Teledyne Technologies by 97.4% during the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 37 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Teledyne Technologies by 52.9% during the second quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 27 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Teledyne Technologies by 51.9% in the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 28 shares during the period. Finally, Assetmark Inc. grew its stake in Teledyne Technologies by 193.1% in the second quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 56 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TDY shares. Morgan Stanley lifted their target price on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Stifel Nicolaus raised their price target on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Barclays dropped their target price on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $606.29.

Teledyne Technologies Price Performance

TDY opened at $494.03 on Friday. The firm has a market capitalization of $23.20 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.79 and a quick ratio of 1.20. The business’s 50-day moving average is $545.10 and its two-hundred day moving average is $529.89. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, beating 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 business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the business earned $5.10 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. Research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

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.