Wolverine Asset Management LLC Invests $2.93 Million in Teledyne Technologies Incorporated $TDY

by · The Cerbat Gem

Wolverine Asset Management LLC acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,000 shares of the scientific and technical instruments company’s stock, valued at approximately $2,930,000.

Several other large investors have also added to or reduced their stakes in TDY. Jones Financial Companies Lllp boosted its holdings in Teledyne Technologies by 874.5% during the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock worth $970,000 after buying an additional 1,749 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Teledyne Technologies by 78.6% in the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock worth $772,000 after acquiring an additional 683 shares during the last quarter. Focus Partners Wealth boosted its holdings in Teledyne Technologies by 48.4% during the 1st quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock valued at $416,000 after acquiring an additional 272 shares during the period. Parallel Advisors LLC lifted its stake in Teledyne Technologies by 20.2% in the second quarter. Parallel Advisors LLC now owns 453 shares of the scientific and technical instruments company’s stock worth $232,000 after acquiring an additional 76 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Teledyne Technologies by 28.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 147 shares of the scientific and technical instruments company’s stock valued at $75,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

NYSE:TDY opened at $581.87 on Friday. The company has a market capitalization of $27.32 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.43 and a beta of 1.03. The company has a 50-day moving average of $516.76 and a 200-day moving average of $537.16. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $595.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.20 and a current ratio of 1.79.

Teledyne Technologies (NYSE:TDY – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on TDY. Stifel Nicolaus upped their target price on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating 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. Morgan Stanley increased their price target on Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Citigroup upped their target price on Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $605.38.

Check Out Our Latest Research Report on TDY

Teledyne Technologies Company Profile

(Free Report)

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.

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