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Earnest Partners LLC Decreases Stock Holdings in Teledyne Technologies Incorporated $TDY

Teledyne Technologies logo with Aerospace background

Key Points

  • Earnest Partners LLC reduced its stake in Teledyne Technologies by 1.5% in the first quarter, now owning approximately 401,310 shares, which constitutes about 1.0% of its overall portfolio.
  • Teledyne Technologies reported quarterly earnings of $5.20 EPS, surpassing analysts' estimates of $5.05, with revenue of $1.51 billion, a 10.2% increase compared to the previous year.
  • The company's board has authorized a $2.00 billion stock repurchase program, indicating confidence that its shares are undervalued.
  • Need better tools to track Teledyne Technologies? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Earnest Partners LLC trimmed its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 401,310 shares of the scientific and technical instruments company's stock after selling 6,164 shares during the quarter. Teledyne Technologies accounts for approximately 1.0% of Earnest Partners LLC's portfolio, making the stock its 22nd largest holding. Earnest Partners LLC owned about 0.86% of Teledyne Technologies worth $199,736,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its holdings in Teledyne Technologies by 0.4% during the fourth quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company's stock worth $2,556,000 after buying an additional 22 shares in the last quarter. Keel Point LLC boosted its holdings in Teledyne Technologies by 4.5% during the fourth quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock worth $247,000 after buying an additional 23 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Teledyne Technologies by 0.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company's stock worth $3,254,000 after buying an additional 23 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Teledyne Technologies by 2.6% during the first quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company's stock worth $471,000 after buying an additional 24 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its holdings in Teledyne Technologies by 3.2% during the first quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company's stock worth $359,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Trading Down 0.8%

Shares of NYSE:TDY traded down $4.59 during trading on Friday, reaching $537.50. The stock had a trading volume of 269,882 shares, compared to its average volume of 284,868. The business has a fifty day moving average price of $536.66 and a 200-day moving average price of $503.37. 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 stock has a market cap of $25.20 billion, a P/E ratio of 29.60, a PEG ratio of 2.50 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 posted its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, beating analysts' consensus estimates of $5.05 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The company's revenue was up 10.2% on a year-over-year basis. During the same quarter 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. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies announced that its board has initiated a stock repurchase program on Wednesday, July 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows 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 leadership believes its shares are undervalued.

Insider Buying and Selling

In related 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 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 of the company's stock, valued at approximately $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Simon M. Lorne sold 6,311 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following the transaction, the director directly owned 61,913 shares of the company's stock, valued at $34,029,861.32. This trade represents a 9.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,021 shares of company stock valued at $8,315,662. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on TDY

Teledyne Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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