Corient IA LLC Invests $498,000 in Teledyne Technologies Incorporated $TDY

Key Points

• Corient IA LLC invested $498,000 in Teledyne Technologies, purchasing 1,000 shares in the 1st quarter, reflecting ongoing interest in this scientific and technical instruments company.
• Teledyne Technologies announced a $2.00 billion share repurchase program, authorizing the buyback of up to 7.7% of its stock, indicating management's belief in the company's undervalued stock.
• Wall Street analysts have issued mixed ratings on Teledyne Technologies, with price targets ranging from $550.00 to $630.00, but an overall average rating of "Moderate Buy."

Corient IA LLC acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the scientific and technical instruments company's stock, valued at approximately $498,000.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC raised its holdings in shares of Teledyne Technologies by 205.9% during 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 acquiring an additional 35 shares during the period. NBC Securities Inc. purchased a new position in shares of Teledyne Technologies during the 1st quarter worth $28,000. Quarry LP purchased a new position in shares of Teledyne Technologies during the 4th quarter worth $28,000. TCTC Holdings LLC raised its holdings in shares of Teledyne Technologies by 97.4% during the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 37 shares during the period. Finally, Ancora Advisors LLC raised its holdings in shares of 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 acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies stock in a transaction dated 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 directly owned 61,913 shares of the company's stock, valued at $34,029,861.32. The trade was a 9.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction dated 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 transaction, the director directly owned 51,328 shares of the company's stock, 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 sold a total of 15,021 shares of company stock valued at $8,315,662 in the last three months. 1.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on TDY. Stifel Nicolaus began coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target on the stock. TD Securities reiterated a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. UBS Group lifted their price target on Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Morgan Stanley lifted their price target on Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Teledyne Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $576.57.

Teledyne Technologies Trading Up 1.9%

Shares of NYSE:TDY traded up $10.1480 during midday trading on Friday, reaching $552.5880. 64,452 shares of the company's stock were exchanged, compared to its average volume of 326,837. The firm's 50 day simple moving average is $530.09 and its two-hundred day simple moving average is $502.09. 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 stock has a market cap of $25.91 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 2.51 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.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company 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, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has approved a share 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 purchase up to 7.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is 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.