Texas Permanent School Fund Corp Sells 1,673 Shares of Teledyne Technologies Incorporated $TDY

Texas Permanent School Fund Corp lowered its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 33.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,294 shares of the scientific and technical instruments company’s stock after selling 1,673 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Teledyne Technologies were worth $1,688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in Teledyne Technologies by 11.1% during the first quarter. Wellington Management Group LLP now owns 8,585 shares of the scientific and technical instruments company’s stock valued at $4,273,000 after purchasing an additional 860 shares in the last quarter. Allstate Corp increased its position in shares of Teledyne Technologies by 20.0% during the 1st quarter. Allstate Corp now owns 1,598 shares of the scientific and technical instruments company’s stock valued at $795,000 after purchasing an additional 266 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Teledyne Technologies during the 1st quarter valued at about $57,000. Jump Financial LLC bought a new stake in Teledyne Technologies in the 1st quarter worth approximately $801,000. Finally, Comerica Bank boosted its stake in Teledyne Technologies by 0.4% in the first quarter. Comerica Bank now owns 10,230 shares of the scientific and technical instruments company’s stock worth $5,091,000 after buying an additional 40 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $518.04 on Tuesday. The company’s fifty day simple moving average is $517.80 and its two-hundred day simple moving average is $532.74. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $595.99. The firm has a market cap of $24.32 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 2.41 and a beta of 1.03. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.10. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. Teledyne Technologies’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.10 earnings per share. 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. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Needham & Company LLC lifted their price target 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. Citigroup began coverage on shares of Teledyne Technologies in a research report on Friday, December 12th. They issued a “neutral” rating and a $567.00 target price on the stock. Morgan Stanley upped 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. Stifel Nicolaus raised their price objective on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $601.38.

About Teledyne Technologies

Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.

The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.