Czech National Bank Purchases 751 Shares of 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 boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 7.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,454 shares of the scientific and technical instruments company's stock after purchasing an additional 751 shares during the quarter. Czech National Bank's holdings in Teledyne Technologies were worth $5,868,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Golden State Wealth Management LLC raised its stake 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 buying an additional 35 shares during the last quarter. NBC Securities Inc. purchased a new stake in Teledyne Technologies in the 1st quarter valued at about $28,000. TCTC Holdings LLC grew 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 purchasing an additional 37 shares during the period. City Holding Co. purchased a new stake in shares of Teledyne Technologies during the 1st quarter worth about $38,000. Finally, WPG Advisers LLC purchased a new stake in shares of Teledyne Technologies during the 1st quarter worth about $44,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 0.4%

NYSE:TDY traded up $2.32 during trading hours on Friday, hitting $564.95. 407,937 shares of the company were exchanged, compared to its average volume of 229,434. The company has a fifty day simple moving average of $548.34 and a 200 day simple moving average of $508.67. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $570.56. 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 capitalization of $26.49 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its 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. The company 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 firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last 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. Sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its board has authorized a share buyback program on Wednesday, July 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TDY shares. Morgan Stanley upped their target price on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Stifel Nicolaus began coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target for the company. Finally, UBS Group increased their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $576.57.

Insider Transactions at Teledyne Technologies

In other news, Director Michael T. Smith sold 1,975 shares of the company's stock in a transaction 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 transaction, the director 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George C. Bobb III sold 6,735 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was 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 of the company's stock, valued at $5,771,265.31. This trade represents a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,021 shares of company stock valued at $8,315,662. 1.50% of the stock is currently owned by company insiders.

About Teledyne Technologies

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.