Teledyne Technologies Incorporated $TDY Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 23.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,515 shares of the scientific and technical instruments company’s stock after buying an additional 479 shares during the quarter. Wealthfront Advisers LLC’s holdings in Teledyne Technologies were worth $1,288,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its stake in Teledyne Technologies by 205.9% in the 1st quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 35 shares during the period. TCTC Holdings LLC increased its stake in Teledyne Technologies by 97.4% in the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock valued at $37,000 after buying an additional 37 shares during the period. AdvisorNet Financial Inc increased 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 buying an additional 28 shares during the period. WPG Advisers LLC acquired a new position in Teledyne Technologies in the 1st quarter valued at $44,000. Finally, AlphaQuest LLC acquired a new position in Teledyne Technologies in the 1st quarter valued at $57,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $517.33 on Friday. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $595.99. 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 firm’s 50-day simple moving average is $557.23 and its 200 day simple moving average is $525.01. The firm has a market capitalization of $24.29 billion, a PE ratio of 29.96, a P/E/G ratio of 2.43 and a beta of 1.11.

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, 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 for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the firm earned $5.10 EPS. The business’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. Q4 2025 guidance at 5.730-5.880 EPS. On average, equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its board has approved a stock repurchase program on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

TDY has been the topic of several recent research reports. UBS Group boosted their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Needham & Company LLC boosted their target price 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. Stifel Nicolaus boosted their target price on shares of Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Barclays decreased 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 research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.29.

Teledyne Technologies Profile

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.