SG Americas Securities LLC Sells 32,971 Shares of Teledyne Technologies Incorporated $TDY

SG Americas Securities LLC lowered its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 73.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,006 shares of the scientific and technical instruments company’s stock after selling 32,971 shares during the quarter. SG Americas Securities LLC’s holdings in Teledyne Technologies were worth $7,036,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its stake in Teledyne Technologies by 75.9% during the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 22 shares in the last quarter. Rexford Capital Inc. purchased a new stake in Teledyne Technologies in the 2nd quarter worth $29,000. First Horizon Advisors Inc. boosted its holdings in shares of Teledyne Technologies by 52.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 27 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of Teledyne Technologies by 51.9% during 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 in the last quarter. Finally, Assetmark Inc. increased 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 worth $44,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 0.1%

Shares of TDY opened at $548.59 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $511.64 and a 200 day moving average of $535.10. The company has a market cap of $25.76 billion, a PE ratio of 31.77, a P/E/G ratio of 2.34 and a beta of 1.03. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $595.99.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. 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 note on Wednesday, October 15th. Needham & Company LLC increased their target price on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Citigroup assumed coverage on shares of Teledyne Technologies in a research report on Friday, December 12th. They issued a “neutral” rating and a $567.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Finally, Barclays dropped their price objective on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.