BNP Paribas Financial Markets Acquires 1,172 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• BNP Paribas Financial Markets increased its stake in Teledyne Technologies by 1.3%, owning a total of 93,232 shares worth approximately $46 million after acquiring an additional 1,172 shares in the first quarter.
• Teledyne Technologies has seen significant interest from institutional investors, with GAMMA Investing LLC increasing its stake by an astounding 61,911.9%, now owning 496,715 shares valued at around $247 million.
• Teledyne Technologies initiated a $2 billion share buyback plan, indicating management's belief that the stock is undervalued, with plans to repurchase up to 7.7% of its shares through open market purchases.

BNP Paribas Financial Markets lifted its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 93,232 shares of the scientific and technical instruments company's stock after purchasing an additional 1,172 shares during the quarter. BNP Paribas Financial Markets owned 0.20% of Teledyne Technologies worth $46,402,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC grew its holdings in shares of Teledyne Technologies by 205.9% in the 1st quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 35 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Teledyne Technologies in the 1st quarter worth about $28,000. Quarry LP bought a new stake in shares of Teledyne Technologies in the 4th quarter worth about $28,000. TCTC Holdings LLC grew its holdings in shares of Teledyne Technologies by 97.4% in the 1st 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. Finally, Ancora Advisors LLC lifted its position in Teledyne Technologies by 192.3% during the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after buying an additional 50 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. UBS Group upped their price target 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. 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 target on the stock. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Morgan Stanley upped their price target on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Teledyne Technologies currently has an average rating of "Moderate Buy" and an average price target of $576.57.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the firm's 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 sale, the director directly owned 51,328 shares in the company, valued at approximately $28,748,812.80. This trade represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Simon M. Lorne sold 6,311 shares of the firm's stock in a transaction that occurred on 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 sale, the director owned 61,913 shares in the company, valued at $34,029,861.32. This trade represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,021 shares of company stock worth $8,315,662. Company insiders own 1.50% of the company's stock.

Teledyne Technologies Trading Up 0.5%

Shares of TDY stock traded up $2.53 on Thursday, reaching $547.17. The company had a trading volume of 302,469 shares, compared to its average volume of 323,574. 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 stock has a market cap of $25.66 billion, a PE ratio of 30.13, a PEG ratio of 2.50 and a beta of 1.09. The company has a 50-day moving average of $539.38 and a 200-day moving average of $504.24. Teledyne Technologies Incorporated has a 12 month low of $416.00 and a 12 month high of $570.56.

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 analysts' consensus estimates of $5.05 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.Teledyne Technologies's revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies declared that its Board of Directors has authorized a stock 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 purchase up to 7.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

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.