Czech National Bank Has $5.87 Million Stock Holdings in Teledyne Technologies Incorporated $TDY

Key Points

• The Czech National Bank increased its stake in Teledyne Technologies by 7.0%, owning 11,454 shares valued at approximately $5.87 million.
• Several large institutional investors, including Vanguard Group and UBS, also raised their positions, indicating strong investor interest in the company.
• Teledyne posted a quarterly earnings of $5.20 EPS, exceeding analyst expectations, along with a revenue of $1.51 billion.

Czech National Bank lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,454 shares of the scientific and technical instruments company's stock after purchasing an additional 751 shares during the period. Czech National Bank's holdings in Teledyne Technologies were worth $5,868,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TDY. Golden State Wealth Management LLC lifted its position 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 buying an additional 35 shares during the last quarter. NBC Securities Inc. bought a new stake in Teledyne Technologies during the first quarter worth approximately $28,000. TCTC Holdings LLC boosted its position in Teledyne Technologies by 97.4% during the first 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 period. City Holding Co. acquired a new position in Teledyne Technologies during the first quarter valued at approximately $38,000. Finally, WPG Advisers LLC acquired a new stake in shares of Teledyne Technologies in the first quarter worth $44,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

Teledyne Technologies stock traded up $1.69 during trading hours on Monday, hitting $567.10. The stock had a trading volume of 249,598 shares, compared to its average volume of 242,485. The company has a 50-day moving average of $548.96 and a two-hundred day moving average of $509.46. 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 Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $570.56. The company has a market cap of $26.59 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.05 by $0.15. The business had revenue of $1.51 billion for 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 quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.58 earnings per share. 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 research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies declared that its board has approved 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 reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the completion of the transaction, the chief executive officer owned 10,391 shares in the company, valued at $5,771,265.31. This trade represents a 39.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies 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 sale, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,021 shares of company stock valued at $8,315,662. Company 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.