BloombergSen Inc. Buys 495 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• BloombergSen Inc. increased its holdings in Teledyne Technologies by 61.8%, now owning 1,296 shares valued at approximately $664,000, making it the 28th largest position in their portfolio.
• Teledyne Technologies reported quarterly earnings of $5.20 per share, exceeding estimates, and announced a $2.00 billion stock buyback program to repurchase up to 7.7% of its shares.
• Institutional investors hold 91.58% of Teledyne Technologies' stock, with multiple hedge funds adjusting their stakes significantly in recent months.

BloombergSen Inc. lifted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 61.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,296 shares of the scientific and technical instruments company's stock after purchasing an additional 495 shares during the quarter. Teledyne Technologies accounts for about 0.0% of BloombergSen Inc.'s portfolio, making the stock its 28th biggest position. BloombergSen Inc.'s holdings in Teledyne Technologies were worth $664,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new stake in shares of Teledyne Technologies during the first quarter worth about $247,000. Asset Management One Co. Ltd. raised its position in shares of Teledyne Technologies by 4.7% during the first 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 purchasing an additional 1,712 shares during the period. IFM Investors Pty Ltd raised its position in shares of Teledyne Technologies by 8.3% during the first quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company's stock worth $4,436,000 after purchasing an additional 681 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Teledyne Technologies by 9.7% during the first quarter. Integrated Wealth Concepts LLC now owns 2,846 shares of the scientific and technical instruments company's stock worth $1,416,000 after purchasing an additional 251 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Teledyne Technologies during the first quarter worth about $6,725,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Stock Down 1.8%

NYSE:TDY opened at $575.59 on Thursday. The firm has a market capitalization of $26.99 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 2.72 and a beta of 1.11. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $586.28. The stock's 50 day moving average price is $552.08 and its two-hundred day moving average price is $513.41. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.58 EPS. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Equities research analysts expect 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 approved a stock buyback 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 repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the transaction, the chief executive officer owned 10,391 shares of the company's stock, valued at $5,771,265.31. The trade was a 39.33% 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 Michael T. Smith sold 1,975 shares of the business's 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 transaction, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,021 shares of company stock valued at $8,315,662 in the last 90 days. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group raised their price target on Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley lifted their target price on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus started coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

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.

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