VeraBank N.A. Invests $219,000 in Teledyne Technologies Incorporated $TDY

VeraBank N.A. acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 428 shares of the scientific and technical instruments company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TDY. TCTC Holdings LLC boosted its holdings in Teledyne Technologies by 97.4% during the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 37 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Teledyne Technologies by 52.9% during the second quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 27 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Teledyne Technologies by 51.9% in the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 28 shares during the period. WPG Advisers LLC purchased a new position in shares of Teledyne Technologies in the first quarter valued at approximately $44,000. Finally, Assetmark Inc. grew its holdings in shares of Teledyne Technologies by 193.1% in the second quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock valued at $44,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $514.94 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.20 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $553.05 and a 200-day simple moving average of $529.02. The stock has a market cap of $24.18 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $595.99.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results 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. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.Teledyne Technologies’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $5.10 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. Equities analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its board has authorized a stock repurchase program on Wednesday, July 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have issued reports on TDY. Barclays reduced their target price on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. 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 report on Thursday, October 23rd. Stifel Nicolaus boosted their target price on Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley increased their price target on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $606.29.

Teledyne Technologies Profile

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.