Y Intercept Hong Kong Ltd Makes New Investment in Teledyne Technologies Incorporated $TDY

Y Intercept Hong Kong Ltd acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, Holdings Channel reports. The institutional investor acquired 2,957 shares of the scientific and technical instruments company’s stock, valued at approximately $1,515,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nisa Investment Advisors LLC grew its stake in shares of Teledyne Technologies by 1.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,545 shares of the scientific and technical instruments company’s stock worth $5,915,000 after buying an additional 182 shares in the last quarter. Wealthfront Advisers LLC grew its stake in shares of Teledyne Technologies by 23.5% in the 2nd quarter. Wealthfront Advisers LLC now owns 2,515 shares of the scientific and technical instruments company’s stock worth $1,288,000 after buying an additional 479 shares in the last quarter. MQS Management LLC purchased a new position in shares of Teledyne Technologies in the 2nd quarter worth $870,000. AG2R LA Mondiale Gestion D Actifs grew its stake in shares of Teledyne Technologies by 4.9% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 2,355 shares of the scientific and technical instruments company’s stock worth $1,206,000 after buying an additional 109 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Teledyne Technologies by 4.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 138,475 shares of the scientific and technical instruments company’s stock worth $70,942,000 after buying an additional 5,284 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. UBS Group lifted their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Barclays dropped 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 note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $606.29.

Teledyne Technologies Trading Up 1.9%

Shares of TDY opened at $527.47 on Monday. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $595.99. The company has a 50-day moving average of $556.78 and a 200 day moving average of $526.28. The firm has a market capitalization of $24.77 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.79 and a quick ratio of 1.20.

Teledyne Technologies (NYSE:TDY) last announced 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. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the business posted $5.10 EPS. 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. Q4 2025 guidance at 5.730-5.880 EPS. On average, research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its Board of Directors has authorized a share repurchase plan on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans 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.