Atria Investments Inc Has $6.64 Million Stake in Teledyne Technologies Incorporated $TDY

Atria Investments Inc lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 12,967 shares of the scientific and technical instruments company’s stock after buying an additional 291 shares during the period. Atria Investments Inc’s holdings in Teledyne Technologies were worth $6,643,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fourpath Capital Management LLC grew its position in shares of Teledyne Technologies by 3.0% during the 2nd quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock worth $366,000 after buying an additional 21 shares during the period. Nvest Financial LLC grew its position in shares of 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 buying an additional 21 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Teledyne Technologies by 0.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company’s stock worth $3,254,000 after buying an additional 23 shares during the period. HighPoint Advisor Group LLC grew its position in shares of Teledyne Technologies by 3.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company’s stock worth $359,000 after buying an additional 24 shares during the period. Finally, Emerald Advisers LLC grew its position in shares of Teledyne Technologies by 1.8% during the 2nd quarter. Emerald Advisers LLC now owns 1,342 shares of the scientific and technical instruments company’s stock worth $688,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

TDY has been the subject of several research reports. 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. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, 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 report on Wednesday, October 15th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $606.29.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $527.47 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.20 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $556.78 and its two-hundred day simple moving average is $525.43. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $595.99. The stock has a market cap of $24.76 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11.

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, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the business earned $5.10 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. As a group, analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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

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.