Credit Agricole S A Acquires 1,044 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• Credit Agricole S A increased its stake in Teledyne Technologies by 11.0%, acquiring an additional 1,044 shares, bringing its total to 10,549 shares valued at approximately $5,250,000.
• Teledyne Technologies reported a 10.2% year-over-year revenue growth with quarterly earnings of $5.20 per share, which beat expectations of $5.05.
• The company has initiated a $2.00 billion stock buyback program, indicating that management believes its shares are undervalued.

Credit Agricole S A grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 11.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,549 shares of the scientific and technical instruments company's stock after acquiring an additional 1,044 shares during the quarter. Credit Agricole S A's holdings in Teledyne Technologies were worth $5,250,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TDY. Golden State Wealth Management LLC increased its holdings in shares of Teledyne Technologies by 205.9% in the first 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 in the last quarter. Quarry LP bought a new stake in shares of Teledyne Technologies in the fourth quarter worth about $28,000. NBC Securities Inc. bought a new stake in shares of Teledyne Technologies in the first quarter worth about $28,000. Ancora Advisors LLC increased its holdings in shares of Teledyne Technologies by 192.3% in the fourth 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 in the last quarter. Finally, TCTC Holdings LLC increased its holdings in shares of Teledyne Technologies by 97.4% in the first 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 in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Down 0.5%

NYSE TDY traded down $2.96 during trading hours on Wednesday, hitting $541.81. 93,694 shares of the company traded hands, compared to its average volume of 324,987. The business's 50-day moving average is $533.50 and its 200-day moving average is $502.69. Teledyne Technologies Incorporated has a twelve month low of $416.00 and a twelve month high of $570.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66. The stock has a market capitalization of $25.41 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 2.51 and a beta of 1.07.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the prior year, the firm posted $4.58 earnings per share. The business's quarterly 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. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TDY shares. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Morgan Stanley upped their price objective on Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Stifel Nicolaus started coverage on 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, UBS Group upped their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Teledyne Technologies has an average rating of "Moderate Buy" and an average price target of $576.57.

Insider Activity at Teledyne Technologies

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. Over the last ninety days, insiders sold 15,021 shares of company stock valued at $8,315,662. Insiders own 1.50% of the company's stock.

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.