Alyeska Investment Group L.P. Grows Position in Teledyne Technologies Incorporated $TDY

Key Points

• Alyeska Investment Group L.P. increased its holdings in Teledyne Technologies by 1.1%, owning approximately 369,054 shares valued at $183.68 million.
• Teledyne Technologies reported earnings per share of $5.20, exceeding analysts' estimates, and forecasted FY 2025 EPS between 21.200-21.50.
• The company announced a $2.00 billion share repurchase program, indicating confidence in the perceived undervaluation of its shares.

Alyeska Investment Group L.P. raised its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 369,054 shares of the scientific and technical instruments company's stock after buying an additional 3,921 shares during the period. Teledyne Technologies comprises 0.7% of Alyeska Investment Group L.P.'s investment portfolio, making the stock its 28th biggest position. Alyeska Investment Group L.P. owned approximately 0.79% of Teledyne Technologies worth $183,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. OneDigital Investment Advisors LLC purchased a new stake in Teledyne Technologies during the 1st quarter valued at about $247,000. Asset Management One Co. Ltd. lifted its holdings in shares of Teledyne Technologies by 4.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 38,298 shares of the scientific and technical instruments company's stock worth $19,061,000 after acquiring an additional 1,712 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Teledyne Technologies by 8.3% in the 1st quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company's stock worth $4,436,000 after acquiring an additional 681 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Teledyne Technologies during the 1st quarter worth approximately $6,725,000. Finally, QRG Capital Management Inc. acquired a new stake in Teledyne Technologies during the 1st quarter worth approximately $275,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price objective on the stock. Finally, UBS Group raised their price objective 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. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $576.57.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction dated 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 owned 51,328 shares in the company, valued at approximately $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,021 shares of company stock worth $8,315,662. Insiders own 1.50% of the company's stock.

Teledyne Technologies Stock Performance

Shares of NYSE:TDY traded up $1.26 during midday trading on Friday, hitting $548.26. The stock had a trading volume of 266,615 shares, compared to its average volume of 253,595. The company has a market capitalization of $25.71 billion, a PE ratio of 30.19, a P/E/G ratio of 2.55 and a beta of 1.09. The stock has a 50 day moving average price of $540.96 and a two-hundred day moving average price of $505.01. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. Teledyne Technologies Incorporated has a 1 year low of $416.00 and a 1 year high of $570.56.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, beating 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 analysts' expectations of $1.47 billion. During the same quarter last year, the business earned $4.58 earnings per share. The business's revenue for the quarter 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. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has initiated a share repurchase program 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 buy up to 7.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

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.