Brooklyn Investment Group Has $321,000 Holdings in Teledyne Technologies Incorporated $TDY

Key Points

• Brooklyn Investment Group significantly increased its stake in Teledyne Technologies by 737.7%, acquiring an additional 568 shares during the first quarter, now holding a total of 645 shares valued at $321,000.
• Teledyne Technologies has received multiple upgrades from analysts, with a current consensus rating of "Moderate Buy" and an average price target of $576.57.
• The company announced a $2.00 billion share repurchase program, allowing it to buy back up to 7.7% of its stock, signaling confidence that its shares are undervalued.

Brooklyn Investment Group grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 737.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 645 shares of the scientific and technical instruments company's stock after buying an additional 568 shares during the period. Brooklyn Investment Group's holdings in Teledyne Technologies were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Corient IA LLC bought a new position in shares of Teledyne Technologies during the first quarter worth $498,000. Raymond James Financial Inc. boosted its position in shares of Teledyne Technologies by 15.8% during the first quarter. Raymond James Financial Inc. now owns 132,976 shares of the scientific and technical instruments company's stock worth $66,183,000 after purchasing an additional 18,129 shares in the last quarter. Ethic Inc. boosted its position in shares of Teledyne Technologies by 11.2% during the first quarter. Ethic Inc. now owns 4,695 shares of the scientific and technical instruments company's stock worth $2,340,000 after purchasing an additional 472 shares in the last quarter. Aberdeen Group plc boosted its holdings in shares of Teledyne Technologies by 141.7% in the first quarter. Aberdeen Group plc now owns 39,212 shares of the scientific and technical instruments company's stock valued at $19,339,000 after buying an additional 22,987 shares during the period. Finally, Horizon Investments LLC boosted its holdings in shares of Teledyne Technologies by 5.5% in the first quarter. Horizon Investments LLC now owns 673 shares of the scientific and technical instruments company's stock valued at $335,000 after buying an additional 35 shares during the period. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Up 1.4%

Shares of NYSE:TDY traded up $7.5850 during trading on Friday, hitting $550.0250. 146,903 shares of the company were exchanged, compared to its average volume of 337,395. The stock has a market cap of $25.79 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 2.52 and a beta of 1.07. Teledyne Technologies Incorporated has a fifty-two week low of $416.00 and a fifty-two week high of $570.56. The firm has a fifty day moving average price of $531.35 and a two-hundred day moving average price of $502.34. The company has a current ratio of 1.66, a quick ratio of 1.07 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. As a group, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies announced that its Board of Directors has initiated a stock buyback program 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 repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on TDY shares. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target for the company. UBS Group upped their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a report on Thursday, July 24th. TD Securities reaffirmed a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Finally, Morgan Stanley raised 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 note on Thursday, July 17th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Teledyne Technologies has an average rating of "Moderate Buy" and an average price target of $576.57.

Insiders Place Their Bets

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of the company'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 value of $3,740,686.35. Following the sale, the chief executive officer owned 10,391 shares in the company, valued at $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael T. Smith sold 1,975 shares of the company'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 value of $1,106,197.50. Following the completion of the sale, the director owned 51,328 shares in the company, valued at $28,748,812.80. This 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.

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.