Teledyne Technologies Incorporated $TDY Stock Position Increased by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has increased its holdings in Teledyne Technologies by 32.0% in the first quarter, owning 1,982 shares valued at approximately $982,000.
• Teledyne Technologies has initiated a $2.00 billion share repurchase plan, indicating that the board believes the stock is undervalued.
• Recent analyst upgrades for Teledyne include raised price targets from UBS Group ($630.00) and Morgan Stanley ($580.00), with an average rating of "Moderate Buy" and an average target price of $576.57.

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 32.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,982 shares of the scientific and technical instruments company's stock after purchasing an additional 480 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Teledyne Technologies were worth $982,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC raised its stake in Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock valued at $26,000 after buying an additional 35 shares in the last quarter. Quarry LP acquired a new position in shares of Teledyne Technologies in the 4th quarter worth approximately $28,000. NBC Securities Inc. bought a new stake in shares of Teledyne Technologies in the 1st quarter valued at approximately $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 valued at $35,000 after acquiring an additional 50 shares during the last quarter. Finally, TCTC Holdings LLC lifted its stake in Teledyne Technologies by 97.4% during the first 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 during the last quarter. Institutional investors own 91.58% of the company's stock.

Insiders Place Their Bets

In other news, Director Simon M. Lorne sold 6,311 shares of the stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the sale, the chief executive officer owned 10,391 shares in the company, valued at approximately $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. 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 owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on TDY shares. Morgan Stanley boosted their target price on shares of Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Stifel Nicolaus initiated 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 for the company. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, UBS Group lifted 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. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $576.57.

Teledyne Technologies Stock Performance

Teledyne Technologies stock traded down $2.96 during midday trading on Wednesday, reaching $541.81. 93,694 shares of the stock traded hands, compared to its average volume of 324,987. Teledyne Technologies Incorporated has a fifty-two week low of $416.00 and a fifty-two week high of $570.56. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The firm has a market cap of $25.41 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.51 and a beta of 1.07. The firm has a fifty day moving average price of $533.50 and a two-hundred day moving average price of $502.69.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. Teledyne Technologies's revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.58 earnings per share. 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, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies declared that its board has approved a share buyback plan 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 buy 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 shares are 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.