AXQ Capital LP Takes $245,000 Position in Teledyne Technologies Incorporated $TDY

AXQ Capital LP acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 479 shares of the scientific and technical instruments company’s stock, valued at approximately $245,000.

Several other institutional investors have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. raised its stake in shares of 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 valued at $26,000 after purchasing an additional 22 shares during the period. TCTC Holdings LLC grew its holdings 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 buying an additional 37 shares in the last quarter. First Horizon Advisors Inc. raised its position in Teledyne Technologies by 52.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 27 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Teledyne Technologies by 51.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 28 shares in the last quarter. Finally, WPG Advisers LLC acquired a new position in Teledyne Technologies during the 1st quarter worth approximately $44,000. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays lowered 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 report on Thursday, October 23rd. Morgan Stanley lifted their price target on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their target price 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, Needham & Company LLC upped 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. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average price target of $606.29.

Teledyne Technologies Trading Down 0.4%

Shares of Teledyne Technologies stock opened at $492.92 on Tuesday. 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 has a fifty day simple moving average of $543.83 and a two-hundred day simple moving average of $530.68. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99. The company has a market capitalization of $23.14 billion, a price-to-earnings ratio of 28.54, a P/E/G 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. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $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. Research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current 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.