State of Alaska Department of Revenue Increases Stock Position in Teledyne Technologies Incorporated $TDY

State of Alaska Department of Revenue raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 52.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,016 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,746 shares during the quarter. State of Alaska Department of Revenue’s holdings in Teledyne Technologies were worth $4,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Teledyne Technologies by 2.2% during 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 buying an additional 123,229 shares in the last quarter. State Street Corp increased its stake in 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 acquiring an additional 46,916 shares during the last quarter. Dodge & Cox purchased a new stake in Teledyne Technologies during the second quarter valued at about $767,307,000. Geode Capital Management LLC lifted its stake in Teledyne Technologies by 2.3% during the second 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 purchasing an additional 28,461 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Teledyne Technologies in the 2nd quarter worth about $317,986,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 0.1%

TDY stock opened at $548.59 on Monday. 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 moving average price of $511.64 and a 200-day moving average price of $535.65. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $595.99. The stock has a market capitalization of $25.76 billion, a P/E ratio of 31.77, a P/E/G ratio of 2.34 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data 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. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.10 EPS. 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. Equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Barclays reduced 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 report on Thursday, October 23rd. Citigroup assumed coverage on shares of Teledyne Technologies in a report on Friday, December 12th. They issued a “neutral” rating and a $567.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Finally, Morgan Stanley lifted their target price on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $601.38.

Teledyne Technologies 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.