Osaic Holdings Inc. Acquires 1,439 Shares of Teledyne Technologies Incorporated $TDY

Osaic Holdings Inc. raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 77.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,302 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,439 shares during the quarter. Osaic Holdings Inc.’s holdings in Teledyne Technologies were worth $1,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Swedbank AB grew its stake in Teledyne Technologies by 7.4% in the second quarter. Swedbank AB now owns 17,496 shares of the scientific and technical instruments company’s stock valued at $8,963,000 after acquiring an additional 1,200 shares during the period. Lecap Asset Management Ltd. bought a new position in shares of Teledyne Technologies during the 2nd quarter valued at about $808,000. Prudential Financial Inc. grew its position in shares of Teledyne Technologies by 9.5% in the 2nd quarter. Prudential Financial Inc. now owns 27,290 shares of the scientific and technical instruments company’s stock valued at $13,981,000 after purchasing an additional 2,369 shares during the period. Integrated Wealth Concepts LLC increased its stake in Teledyne Technologies by 9.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,846 shares of the scientific and technical instruments company’s stock worth $1,416,000 after purchasing an additional 251 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Teledyne Technologies by 86.6% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,201 shares of the scientific and technical instruments company’s stock worth $6,251,000 after buying an additional 5,663 shares during the period. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $516.28 on Tuesday. The stock has a market capitalization of $24.24 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 2.44 and a beta of 1.03. The business has a 50-day moving average of $512.73 and a 200-day moving average of $533.31. 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 Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $595.99.

Teledyne Technologies (NYSE:TDY) last released its earnings results 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 for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company posted $5.10 earnings per share. Teledyne Technologies’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. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TDY. Citigroup assumed coverage on shares of Teledyne Technologies in a report on Friday, December 12th. They issued a “neutral” rating and a $567.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 22nd. Barclays lowered their target price on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Needham & Company LLC boosted their price target on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Stifel Nicolaus increased their price objective on Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.