Teledyne Technologies Incorporated $TDY Shares Purchased by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. increased its stake in Teledyne Technologies by an extraordinary 1,675.6%, acquiring 74,665 shares valued at approximately $37.16 million after purchasing an additional 70,460 shares in Q1.
• Teledyne Technologies has received positive upgrades from analysts, with a current consensus rating of "Moderate Buy" and an average target price of $576.57, reflecting strong growth projections.
• The company has initiated a $2 billion stock repurchase program, allowing it to buy back up to 7.7% of its outstanding shares, indicating the board's belief that its stock is undervalued.

1832 Asset Management L.P. boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1,675.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,665 shares of the scientific and technical instruments company's stock after buying an additional 70,460 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.16% of Teledyne Technologies worth $37,162,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its stake in Teledyne Technologies by 205.9% in the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 35 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Teledyne Technologies during the first quarter valued at $28,000. Quarry LP purchased a new position in shares of Teledyne Technologies during the fourth quarter valued at $28,000. TCTC Holdings LLC lifted its stake in Teledyne Technologies by 97.4% in the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 37 shares during the period. Finally, Ancora Advisors LLC grew its holdings in Teledyne Technologies by 192.3% during the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after acquiring an additional 50 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TDY has been the subject of several research reports. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target for the company. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Morgan Stanley boosted their price target on Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, UBS Group upped their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $576.57.

Insider Buying and Selling at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,311 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $549.64, for a total value of $3,468,778.04. Following the transaction, the director directly owned 61,913 shares of the company's stock, valued at approximately $34,029,861.32. This represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $560.10, for a total value of $1,106,197.50. Following the sale, the director directly owned 51,328 shares of the company's stock, valued at $28,748,812.80. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,021 shares of company stock worth $8,315,662. 1.50% of the stock is owned by insiders.

Teledyne Technologies Stock Down 0.7%

Teledyne Technologies stock traded down $3.62 during midday trading on Wednesday, reaching $541.15. The company's stock had a trading volume of 178,759 shares, compared to its average volume of 325,549. The stock's 50-day simple moving average is $534.55 and its 200-day simple moving average is $502.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07. Teledyne Technologies Incorporated has a 52-week low of $416.00 and a 52-week high of $570.56. The stock has a market capitalization of $25.37 billion, a P/E ratio of 29.80, a PEG ratio of 2.51 and a beta of 1.07.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, beating analysts' consensus estimates of $5.05 by $0.15. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same period last year, the business posted $4.58 earnings per share. The firm's revenue was up 10.2% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its board has initiated a share repurchase plan 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 repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors 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.