Allspring Global Investments Holdings LLC Sells 4,139 Shares of Teledyne Technologies Incorporated $TDY

Allspring Global Investments Holdings LLC trimmed its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 260,668 shares of the scientific and technical instruments company’s stock after selling 4,139 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.56% of Teledyne Technologies worth $149,902,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cresset Asset Management LLC grew its holdings in Teledyne Technologies by 2.5% during the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after buying an additional 20 shares in the last quarter. Fourpath Capital Management LLC grew its stake in Teledyne Technologies by 3.0% during the second quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock valued at $366,000 after acquiring an additional 21 shares in the last quarter. Nvest Financial LLC increased its holdings in Teledyne Technologies by 1.3% during the 2nd quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock worth $837,000 after acquiring an additional 21 shares during the period. SBI Securities Co. Ltd. lifted 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 purchasing an additional 22 shares in the last quarter. Finally, Snowden Capital Advisors LLC lifted its stake in Teledyne Technologies by 2.1% in the 2nd quarter. Snowden Capital Advisors LLC now owns 1,099 shares of the scientific and technical instruments company’s stock worth $563,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TDY shares. Barclays reduced 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. Citigroup started coverage on Teledyne Technologies in a research note on Friday, December 12th. They issued a “neutral” rating and a $567.00 target price on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday. 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 report 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 company an “equal weight” rating in a research note on Wednesday, October 15th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $601.38.

Teledyne Technologies Price Performance

TDY stock opened at $518.08 on Wednesday. The firm has a market cap of $24.32 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.44 and a beta of 1.03. The firm’s fifty day moving average is $511.59 and its 200 day moving average is $533.53. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $595.99. 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 (NYSE:TDY) last posted its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted $5.10 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. 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. Research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

About Teledyne Technologies

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.