GC Wealth Management RIA LLC Makes New Investment in Teledyne Technologies Incorporated $TDY

Key Points

• GC Wealth Management RIA LLC has acquired 720 shares of Teledyne Technologies, valued at approximately $369,000, reinforcing its position in this scientific and technical instruments company.
• Analysts are optimistic, as UBS and Morgan Stanley have both raised their target prices for Teledyne shares, with a consensus rating of "Moderate Buy" and a price target of $576.57.
• Teledyne Technologies has announced a $2.00 billion share buyback program, allowing the company to repurchase up to 7.7% of its stock, signaling confidence in its undervaluation.

GC Wealth Management RIA LLC acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 720 shares of the scientific and technical instruments company's stock, valued at approximately $369,000.

Several other large investors have also recently bought and sold shares of TDY. Golden State Wealth Management LLC lifted its holdings in 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 in the last quarter. NBC Securities Inc. acquired a new position in Teledyne Technologies during the 1st quarter worth $28,000. TCTC Holdings LLC lifted its holdings in 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 buying an additional 37 shares in the last quarter. City Holding Co. acquired a new position in Teledyne Technologies during the 1st quarter worth $38,000. Finally, AdvisorNet Financial Inc lifted its holdings in 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 worth $42,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group upped their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley upped their target price on shares of Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $576.57.

Teledyne Technologies Price Performance

TDY opened at $575.59 on Thursday. 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 12 month low of $419.00 and a 12 month high of $586.28. The company has a fifty day simple moving average of $552.08 and a 200 day simple moving average of $513.41. The stock has a market cap of $26.99 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.72 and a beta of 1.11.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released 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. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the prior year, the company earned $4.58 EPS. The firm's quarterly 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. On average, research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its board has initiated 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 reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Insider Activity at Teledyne Technologies

In related 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 completion of the sale, the director owned 51,328 shares in the company, valued at $28,748,812.80. This represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 15,021 shares of company stock worth $8,315,662 in the last quarter. Corporate insiders own 1.50% of the company's stock.

Teledyne Technologies Company 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.

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