Dimensional Fund Advisors LP Has $185.76 Million Position in Teledyne Technologies Incorporated $TDY

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Teledyne Technologies by 0.7%, selling 2,640 shares, and now owns approximately 0.80% of the company valued at $185.76 million.
• Teledyne Technologies reported a 10.2% year-over-year revenue increase for the quarter, achieving $1.51 billion, and beat EPS estimates with reported earnings of $5.20 per share.
• The company's Board of Directors authorized a $2 billion stock buyback plan, indicating they believe the stock is undervalued.

Dimensional Fund Advisors LP lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 373,264 shares of the scientific and technical instruments company's stock after selling 2,640 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.80% of Teledyne Technologies worth $185,761,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC raised its position 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 purchasing an additional 35 shares during the period. Quarry LP bought a new stake in shares of Teledyne Technologies during the 4th quarter worth about $28,000. NBC Securities Inc. bought a new position in Teledyne Technologies during the 1st quarter valued at $28,000. Ancora Advisors LLC boosted its stake in Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after buying an additional 50 shares in the last quarter. Finally, TCTC Holdings LLC raised its holdings in shares of Teledyne Technologies by 97.4% in 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 in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDY has been the subject of several analyst reports. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. UBS Group lifted their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. TD Securities restated a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Needham & Company LLC reduced their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Stifel Nicolaus assumed coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target on the stock. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the firm'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 transaction, the director directly owned 51,328 shares of the company's stock, valued at approximately $28,748,812.80. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the sale, the chief executive officer owned 10,391 shares of the company's stock, valued at $5,771,265.31. The trade was a 39.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,021 shares of company stock worth $8,315,662 over the last ninety days. Company insiders own 1.50% of the company's stock.

Teledyne Technologies Price Performance

NYSE:TDY traded up $7.5850 during mid-day trading on Friday, reaching $550.0250. 146,903 shares of the company were exchanged, compared to its average volume of 337,395. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $531.35 and a 200 day moving average of $502.34. Teledyne Technologies Incorporated has a 12 month low of $416.00 and a 12 month high of $570.56. The stock has a market cap of $25.79 billion, a PE ratio of 30.29, a PEG ratio of 2.52 and a beta of 1.07.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, beating analysts' consensus estimates 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% compared to the same quarter last year. 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. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has initiated a share buyback program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to buy 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 shares are undervalued.

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.