West Family Investments Inc. Invests $356,000 in Teledyne Technologies Incorporated $TDY

West Family Investments Inc. bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, Holdings Channel reports. The institutional investor bought 694 shares of the scientific and technical instruments company’s stock, valued at approximately $356,000.

Several other hedge funds have also recently added to or reduced their stakes in TDY. Norges Bank acquired a new position in Teledyne Technologies in the 2nd quarter valued at about $317,986,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Teledyne Technologies by 56.9% during the first 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. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Teledyne Technologies by 10.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company’s stock valued at $726,369,000 after purchasing an additional 143,062 shares during the last quarter. 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 worth $2,992,671,000 after acquiring an additional 123,229 shares in the last quarter. Finally, Greenhouse Funds LLLP purchased a new position in shares of Teledyne Technologies in the 1st quarter valued at $48,532,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 0.4%

Shares of NYSE TDY opened at $499.52 on Monday. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $595.99. The company has a market cap of $23.45 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. 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 50 day simple moving average is $539.07 and its 200 day simple moving average is $530.92.

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 analysts’ consensus estimates of $5.47 by $0.10. The business 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 company’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $5.10 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. Equities research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.