Jump Financial LLC Takes Position in Teledyne Technologies Incorporated $TDY

Key Points

• Jump Financial LLC acquired 1,609 shares of Teledyne Technologies, valued at approximately $801,000 during the first quarter.
• A number of institutional investors, including GAMMA Investing LLC and Alyeska Investment Group L.P., significantly increased their holdings in Teledyne Technologies, contributing to a total institutional ownership of 91.58%.
• Teledyne Technologies announced a share repurchase program allowing the company to buy up to $2.00 billion in outstanding shares, indicating potential confidence in the stock's value.

Jump Financial LLC purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,609 shares of the scientific and technical instruments company's stock, valued at approximately $801,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kovitz Investment Group Partners LLC bought a new stake in Teledyne Technologies during the fourth quarter worth $313,000. Quarry LP purchased a new position in Teledyne Technologies during the 4th quarter worth $28,000. Lido Advisors LLC grew its stake in shares of Teledyne Technologies by 12.8% in the 4th quarter. Lido Advisors LLC now owns 2,761 shares of the scientific and technical instruments company's stock worth $1,281,000 after acquiring an additional 314 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Teledyne Technologies by 196.7% in the fourth quarter. AQR Capital Management LLC now owns 25,551 shares of the scientific and technical instruments company's stock valued at $11,859,000 after purchasing an additional 16,939 shares during the last quarter. Finally, Keel Point LLC raised its holdings in shares of Teledyne Technologies by 4.5% in the fourth quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock valued at $247,000 after purchasing an additional 23 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDY has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. UBS Group lifted their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus initiated coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Teledyne Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $576.57.

Insiders Place Their Bets

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the completion of the transaction, the chief executive officer owned 10,391 shares of the company's stock, valued at $5,771,265.31. The trade was a 39.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Smith sold 1,975 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the transaction, the director directly owned 51,328 shares of the company's stock, valued at approximately $28,748,812.80. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,021 shares of company stock worth $8,315,662 in the last quarter. 1.50% of the stock is owned by company insiders.

Teledyne Technologies Stock Performance

Teledyne Technologies stock traded up $4.26 during midday trading on Thursday, reaching $548.90. The stock had a trading volume of 160,934 shares, compared to its average volume of 322,720. The firm has a market capitalization of $25.74 billion, a PE ratio of 30.23, a P/E/G ratio of 2.50 and a beta of 1.09. Teledyne Technologies Incorporated has a 12 month low of $416.00 and a 12 month high of $570.56. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. The firm's 50-day moving average price is $539.38 and its 200 day moving average price is $504.24.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company earned $4.58 earnings per share. The company's revenue was up 10.2% on a year-over-year basis. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. As a group, research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies announced that its Board of Directors has initiated a share buyback program on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Teledyne Technologies Company 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.