Thrivent Financial for Lutherans Sells 1,659 Shares of Teledyne Technologies Incorporated $TDY

Thrivent Financial for Lutherans trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY) by 12.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,261 shares of the scientific and technical instruments company’s stock after selling 1,659 shares during the period. Thrivent Financial for Lutherans’ holdings in Teledyne Technologies were worth $5,769,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its position in shares of Teledyne Technologies by 75.9% in the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 22 shares in the last quarter. Rexford Capital Inc. purchased a new position in Teledyne Technologies during the second quarter worth about $29,000. First Horizon Advisors Inc. increased its stake in Teledyne Technologies by 52.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 27 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Teledyne Technologies by 51.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 28 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Teledyne Technologies by 193.1% during the 2nd quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TDY. Citigroup began coverage on Teledyne Technologies in a report on Friday, December 12th. They set a “neutral” rating and a $567.00 price objective for the company. Morgan Stanley increased their price target on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Stifel Nicolaus upped their target price on shares of Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. 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 data from MarketBeat.com, Teledyne Technologies presently has an average rating of “Moderate Buy” and an average target price of $601.38.

Teledyne Technologies Stock Up 1.1%

TDY opened at $510.22 on Friday. Teledyne Technologies Incorporated has a 12 month low of $419.00 and a 12 month high of $595.99. 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 business’s 50-day moving average price is $518.82 and its 200-day moving average price is $532.14. The company has a market cap of $23.95 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.38 and a beta of 1.03.

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 (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.10. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.Teledyne Technologies’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $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. On average, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies Company Profile

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.