Envestnet Portfolio Solutions Inc. lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 17.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,335 shares of the scientific and technical instruments company's stock after selling 486 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Teledyne Technologies were worth $1,196,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in shares of 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 valued at $26,000 after purchasing an additional 35 shares in the last quarter. TCTC Holdings LLC boosted 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 valued at $37,000 after purchasing an additional 37 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Teledyne Technologies by 51.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company's stock valued at $42,000 after acquiring an additional 28 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of Teledyne Technologies during the 1st quarter valued at $44,000. Finally, AlphaQuest LLC acquired a new stake in shares of Teledyne Technologies during the 1st quarter valued at $57,000. Institutional investors and hedge funds own 91.58% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on TDY. Barclays began coverage on Teledyne Technologies in a report on Wednesday, October 8th. They set an "equal weight" rating and a $606.00 price objective on the stock. Stifel Nicolaus began coverage on 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 raised 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. Morgan Stanley raised their price objective on Teledyne Technologies from $580.00 to $620.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $585.25.
Check Out Our Latest Stock Analysis on TDY
Teledyne Technologies Price Performance
Shares of TDY opened at $562.29 on Friday. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.11. The business has a 50-day moving average of $558.09 and a 200-day moving average of $519.67.
Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the company earned $4.58 earnings per share. The firm's revenue was up 10.2% compared to the same quarter last year. 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, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.
Teledyne Technologies declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
Insider Transactions at Teledyne Technologies
In other news, Director Simon M. Lorne sold 6,311 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $549.64, for a total value 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. The trade was a 9.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George C. Bobb III sold 6,735 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total value of $3,740,686.35. Following the completion of the transaction, the chief executive officer directly owned 10,391 shares in the company, valued at $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,021 shares of company stock worth $8,315,662 over the last ninety days. 1.50% of the stock is owned by insiders.
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.
Further Reading
Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Teledyne Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teledyne Technologies wasn't on the list.
While Teledyne Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.