ASR Vermogensbeheer N.V. Grows Position in Teledyne Technologies Incorporated $TDY

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Teledyne Technologies by 60.8% during Q2, acquiring a total of 1,839 shares now valued at approximately $942,000.
• Teledyne Technologies recently declared a $2.00 billion share buyback plan, allowing it to repurchase up to 7.7% of its shares, signaling confidence in its stock valuation.
• Equities analysts have set a consensus price target of $576.57 for Teledyne Technologies, with most maintaining a "buy" rating on the stock.

ASR Vermogensbeheer N.V. raised its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 60.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,839 shares of the scientific and technical instruments company's stock after purchasing an additional 695 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Teledyne Technologies were worth $942,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Teledyne Technologies by 0.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company's stock worth $3,254,000 after purchasing an additional 23 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Teledyne Technologies by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company's stock worth $471,000 after purchasing an additional 24 shares during the period. HighPoint Advisor Group LLC grew its stake in shares of Teledyne Technologies by 3.2% in the first quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company's stock valued at $359,000 after buying an additional 24 shares in the last quarter. Sagespring Wealth Partners LLC grew its stake in shares of Teledyne Technologies by 3.9% in the first quarter. Sagespring Wealth Partners LLC now owns 663 shares of the scientific and technical instruments company's stock valued at $330,000 after buying an additional 25 shares in the last quarter. Finally, First Hawaiian Bank grew its stake in shares of Teledyne Technologies by 0.7% in the first quarter. First Hawaiian Bank now owns 3,670 shares of the scientific and technical instruments company's stock valued at $1,827,000 after buying an additional 26 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies stock in a transaction that occurred on 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 completion of the transaction, the director owned 61,913 shares in the company, valued at approximately $34,029,861.32. This trade represents a 9.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction that occurred on 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 completion of the transaction, the director owned 51,328 shares of the company's stock, valued at approximately $28,748,812.80. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,021 shares of company stock worth $8,315,662. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Teledyne Technologies in a research note on Saturday, September 27th. Stifel Nicolaus assumed coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price for the company. Morgan Stanley increased their target price on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Finally, UBS Group increased their target price on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $576.57.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $587.15 on Friday. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $590.09. The business has a 50 day moving average price of $553.33 and a two-hundred day moving average price of $514.71. 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 has a market cap of $27.53 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 2.73 and a beta of 1.11.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share 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 firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm earned $4.58 EPS. Teledyne Technologies's quarterly 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. Sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its board has initiated a share buyback plan on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors 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.

Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.