Teledyne Technologies Incorporated $TDY Position Lifted by California Public Employees Retirement System

California Public Employees Retirement System raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 8.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 78,947 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,980 shares during the period. California Public Employees Retirement System owned 0.17% of Teledyne Technologies worth $40,445,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dodge & Cox bought a new stake in Teledyne Technologies in the second quarter valued at about $767,307,000. Norges Bank acquired a new position in shares of Teledyne Technologies in the 2nd quarter worth approximately $317,986,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Teledyne Technologies by 56.9% in the 1st 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 valued at $318,819,000 after acquiring an additional 232,401 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Teledyne Technologies by 10.9% during 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 acquiring an additional 143,062 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Teledyne Technologies by 2.2% during the second 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 purchasing an additional 123,229 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TDY shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Morgan Stanley boosted their price objective 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. Barclays dropped their price objective on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Needham & Company LLC lifted their target price on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. 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 report on Thursday, October 23rd. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $606.29.

Teledyne Technologies Price Performance

NYSE TDY opened at $516.61 on Thursday. The company has a 50-day moving average price of $528.90 and a two-hundred day moving average price of $531.58. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $595.99. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03. The company has a current ratio of 1.79, a quick ratio of 1.20 and a debt-to-equity ratio of 0.20.

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 (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted $5.10 earnings per share. 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 and its Q4 2025 guidance at 5.730-5.880 EPS. Analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.