Teledyne Technologies Incorporated $TDY Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Teledyne Technologies by 29% after selling 575 shares, now owning 1,409 shares valued at $701,000.
• Insider sales include Simon M. Lorne selling 6,311 shares and CEO George C. Bobb III selling 6,735 shares, significantly decreasing their ownership percentages.
• Teledyne Technologies reported a quarterly earnings increase, with an EPS of $5.20, exceeding expectations, and announced a $2.00 billion share repurchase program to buy back up to 7.7% of its stock.

BI Asset Management Fondsmaeglerselskab A S cut its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 29.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,409 shares of the scientific and technical instruments company's stock after selling 575 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Teledyne Technologies were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Texas Capital Bank Wealth Management Services Inc bought a new stake in Teledyne Technologies during the 1st quarter valued at approximately $449,000. Maven Securities LTD lifted its holdings in shares of Teledyne Technologies by 115.9% during the first quarter. Maven Securities LTD now owns 2,483 shares of the scientific and technical instruments company's stock valued at $1,236,000 after purchasing an additional 1,333 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Teledyne Technologies by 11.1% during the first quarter. Wellington Management Group LLP now owns 8,585 shares of the scientific and technical instruments company's stock valued at $4,273,000 after purchasing an additional 860 shares during the last quarter. Korea Investment CORP raised its holdings in Teledyne Technologies by 24.7% in the 1st quarter. Korea Investment CORP now owns 42,873 shares of the scientific and technical instruments company's stock worth $21,338,000 after acquiring an additional 8,493 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Teledyne Technologies by 0.5% in the 1st quarter. Northern Trust Corp now owns 539,364 shares of the scientific and technical instruments company's stock worth $268,447,000 after acquiring an additional 2,490 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded down $2.96 during mid-day trading on Wednesday, hitting $541.81. 93,694 shares of the company's stock traded hands, compared to its average volume of 324,987. The company's 50-day moving average is $533.50 and its two-hundred day moving average is $502.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07. The company has a market capitalization of $25.41 billion, a P/E ratio of 29.85, a PEG ratio of 2.51 and a beta of 1.07. 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 earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (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 for the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the prior year, the company earned $4.58 EPS. The business's revenue 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. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies declared that its board has initiated a share buyback plan on Wednesday, July 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 7.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research 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. UBS Group boosted their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Stifel Nicolaus began 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. Finally, Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.