Edmond DE Rothschild Holding S.A. Cuts Stake in Teledyne Technologies Incorporated $TDY

Key Points

• Edmond DE Rothschild Holding S.A. has reduced its holdings in Teledyne Technologies by 23.3%, selling 38,510 shares during the first quarter, and now owns approximately 126,680 shares of the company.
• Teledyne Technologies reported a quarterly EPS of $5.20, exceeding analysts’ expectations, with a revenue of $1.51 billion, which is a 10.2% increase compared to the previous year.
• Teledyne Technologies has authorized a $2.00 billion stock repurchase plan, aiming to buy back up to 7.7% of its shares, signaling management's belief that its stock is undervalued.

Edmond DE Rothschild Holding S.A. lessened its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 23.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,680 shares of the scientific and technical instruments company's stock after selling 38,510 shares during the period. Teledyne Technologies makes up about 1.1% of Edmond DE Rothschild Holding S.A.'s holdings, making the stock its 16th biggest holding. Edmond DE Rothschild Holding S.A. owned 0.27% of Teledyne Technologies worth $63,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in Teledyne Technologies by 205.9% in 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 in the last quarter. NBC Securities Inc. purchased a new position in Teledyne Technologies in the 1st quarter worth approximately $28,000. Ancora Advisors LLC grew its stake in Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after buying an additional 50 shares in the last quarter. TCTC Holdings LLC grew its stake in 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 buying an additional 37 shares in the last quarter. Finally, City Holding Co. purchased a new position in shares of Teledyne Technologies during the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Activity

In related news, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies 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 directly owned 10,391 shares of the company's stock, valued at $5,771,265.31. This trade represents a 39.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $560.10, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,021 shares of company stock worth $8,315,662. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

TDY has been the topic of several research reports. Morgan Stanley lifted their price target on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. UBS Group lifted their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Teledyne Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $576.57.

Teledyne Technologies Trading Up 0.2%

Shares of Teledyne Technologies stock traded up $1.26 on Friday, hitting $548.26. The stock had a trading volume of 266,615 shares, compared to its average volume of 253,595. 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 one year low of $416.00 and a one year high of $570.56. The stock has a market cap of $25.71 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.55 and a beta of 1.09. The stock's 50-day simple moving average is $540.96 and its two-hundred day simple moving average is $505.01.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter last year, the business earned $4.58 earnings per share. The business's revenue was up 10.2% on a year-over-year basis. 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, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.

Teledyne Technologies 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.