807 Shares in Teledyne Technologies Incorporated $TDY Purchased by Banco BTG Pactual S.A.

Key Points

• Banco BTG Pactual S.A. has acquired a new stake in Teledyne Technologies, purchasing 807 shares valued at approximately $402,000 in the first quarter.
• Teledyne reported an earnings per share of $5.20 for the last quarter, beating estimates by $0.15, and set a fiscal year 2025 guidance between $21.200 and $21.500 EPS.
• The company initiated a $2 billion share repurchase program, indicating management's belief that its shares are currently undervalued.

Banco BTG Pactual S.A. acquired 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 Securities and Exchange Commission (SEC). The fund acquired 807 shares of the scientific and technical instruments company's stock, valued at approximately $402,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC increased its holdings in shares of Teledyne Technologies by 205.9% in the 1st 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. Quarry LP bought a new stake in shares of Teledyne Technologies in the 4th quarter worth $28,000. NBC Securities Inc. bought a new stake in shares of Teledyne Technologies in the 1st quarter worth $28,000. Ancora Advisors LLC increased its holdings in shares of Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Finally, TCTC Holdings LLC increased its holdings in shares of Teledyne Technologies by 97.4% in the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Up 1.4%

Teledyne Technologies stock traded up $7.5850 during mid-day trading on Friday, reaching $550.0250. 146,903 shares of the company were exchanged, compared to its average volume of 337,395. The business has a fifty day moving average of $531.35 and a 200 day moving average of $502.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66. The firm has a market cap of $25.79 billion, a P/E ratio of 30.29, a PEG ratio of 2.52 and a beta of 1.07. Teledyne Technologies Incorporated has a 12-month low of $416.00 and a 12-month high of $570.56.

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

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Stifel Nicolaus assumed coverage on Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price objective for the company. TD Securities restated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. UBS Group upped their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Needham & Company LLC decreased their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $576.57.

Teledyne Technologies 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.