State of Alaska Department of Revenue Acquires 2,746 Shares of Teledyne Technologies Incorporated $TDY

State of Alaska Department of Revenue boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 52.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,016 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,746 shares during the quarter. State of Alaska Department of Revenue’s holdings in Teledyne Technologies were worth $4,697,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TDY. Dodge & Cox bought a new position in shares of Teledyne Technologies during the second quarter valued at approximately $767,307,000. Norges Bank purchased a new stake in shares of Teledyne Technologies during the 2nd quarter worth $317,986,000. Vanguard Group Inc. boosted its position 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 valued at $2,992,671,000 after purchasing an additional 123,229 shares in the last quarter. Marshall Wace LLP grew its holdings in Teledyne Technologies by 582.0% in the second quarter. Marshall Wace LLP now owns 82,649 shares of the scientific and technical instruments company’s stock worth $42,342,000 after purchasing an additional 70,531 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Teledyne Technologies by 2.2% during the 2nd quarter. State Street Corp now owns 2,143,419 shares of the scientific and technical instruments company’s stock valued at $1,098,095,000 after purchasing an additional 46,916 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $548.59 on Monday. 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 1-year low of $419.00 and a 1-year high of $595.99. The company has a market cap of $25.76 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 2.34 and a beta of 1.03. The stock’s 50-day moving average is $511.64 and its two-hundred day moving average is $535.65.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.10. The business had revenue of $1.54 billion during 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 for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.10 EPS. 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 fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Needham & Company LLC raised their target price on Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Citigroup started coverage on shares of Teledyne Technologies in a research note on Friday, December 12th. They issued a “neutral” rating and a $567.00 target price for the company. 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. Morgan Stanley increased their target price on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Finally, Barclays reduced their target price 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. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from 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.