AG2R LA Mondiale Gestion D Actifs Makes New $1.12 Million Investment in Teledyne Technologies Incorporated $TDY

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in Teledyne Technologies, purchasing 2,246 shares valued at approximately $1,120,000.
• Teledyne Technologies' stock received optimistic ratings from several research firms, with UBS raising its price target from $585 to $630, while Morgan Stanley adjusted its target to $580.
• Teledyne recently announced a $2.00 billion share buyback plan, allowing it to repurchase up to 7.7% of its shares, indicating management's belief that the stock is undervalued.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 2,246 shares of the scientific and technical instruments company's stock, valued at approximately $1,120,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDY. GAMMA Investing LLC increased its stake in Teledyne Technologies by 61,911.9% in the first quarter. GAMMA Investing LLC now owns 496,715 shares of the scientific and technical instruments company's stock valued at $247,220,000 after purchasing an additional 495,914 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Teledyne Technologies by 56.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company's stock worth $318,819,000 after acquiring an additional 232,401 shares during the period. Pacer Advisors Inc. increased its stake in shares of Teledyne Technologies by 3,319.3% during the first quarter. Pacer Advisors Inc. now owns 181,601 shares of the scientific and technical instruments company's stock worth $90,385,000 after acquiring an additional 176,290 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Teledyne Technologies by 10.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company's stock worth $726,369,000 after acquiring an additional 143,062 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Teledyne Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company's stock worth $2,846,053,000 after acquiring an additional 105,811 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Teledyne Technologies

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

Teledyne Technologies Price Performance

Shares of TDY traded down $2.12 during mid-day trading on Friday, hitting $560.52. The company's stock had a trading volume of 43,034 shares, compared to its average volume of 317,608. The firm has a 50-day moving average price of $547.65 and a 200 day moving average price of $508.17. The stock has a market capitalization of $26.28 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 2.56 and a beta of 1.09. 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 fifty-two week low of $419.00 and a fifty-two week high of $570.56.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS 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 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 company posted $4.58 earnings per share. The business's revenue for the quarter 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. On average, research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its Board of Directors has approved a share repurchase program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TDY. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target on the stock. UBS Group upped 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. Finally, Morgan Stanley upped their target price on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Six research 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, Teledyne Technologies currently has an average rating of "Moderate Buy" and an average price target of $576.57.

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.