Squarepoint Ops LLC Cuts Stake in Teledyne Technologies Incorporated $TDY

Squarepoint Ops LLC decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 79.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,262 shares of the scientific and technical instruments company’s stock after selling 4,991 shares during the quarter. Squarepoint Ops LLC’s holdings in Teledyne Technologies were worth $647,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in TDY. Vanguard Group Inc. increased its stake in Teledyne Technologies by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,841,524 shares of the scientific and technical instruments company’s stock valued at $2,992,671,000 after purchasing an additional 123,229 shares in the last quarter. State Street Corp increased its position in shares of Teledyne Technologies by 2.2% in the second quarter. State Street Corp now owns 2,143,419 shares of the scientific and technical instruments company’s stock valued at $1,098,095,000 after buying an additional 46,916 shares in the last quarter. Dodge & Cox acquired a new position in shares of Teledyne Technologies during the 2nd quarter worth $767,307,000. Geode Capital Management LLC raised its stake in shares of Teledyne Technologies by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,242,610 shares of the scientific and technical instruments company’s stock worth $635,107,000 after buying an additional 28,461 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Teledyne Technologies by 56.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company’s stock worth $318,819,000 after buying an additional 232,401 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TDY shares. Barclays decreased their price target on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. 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 research note on Thursday, October 23rd. Citigroup began coverage on Teledyne Technologies in a research note on Friday, December 12th. They set a “neutral” rating and a $567.00 price target on the stock. Morgan Stanley lifted their price objective 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $601.38.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $518.84 on Wednesday. The firm has a market cap of $24.36 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $516.74 and a two-hundred day moving average price of $532.87. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $595.99.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm earned $5.10 earnings per share. The company’s revenue for the quarter 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 and its Q4 2025 guidance at 5.730-5.880 EPS. Sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies Company Profile

Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.

The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.