1,375 Shares in Teledyne Technologies Incorporated $TDY Acquired by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has acquired a new stake in Teledyne Technologies valued at approximately $684,000, purchasing 1,375 shares.
• Multiple hedge funds have increased their holdings in Teledyne, with institutional investors now owning 91.58% of the stock.
• Analysts are optimistic about Teledyne's future, with several upgrades and target prices indicating potential growth, including a target price of $630.00 from UBS Group.

Graham Capital Management L.P. acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,375 shares of the scientific and technical instruments company's stock, valued at approximately $684,000.

Several other large investors have also recently added to or reduced their stakes in TDY. Golden State Wealth Management LLC raised its stake in shares of Teledyne Technologies by 205.9% during the first 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 during the period. NBC Securities Inc. acquired a new position in Teledyne Technologies in the first quarter worth $28,000. Ancora Advisors LLC grew its position in shares of Teledyne Technologies by 192.3% during the 4th 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 during the last quarter. TCTC Holdings LLC grew its holdings in shares of Teledyne Technologies by 97.4% during the first 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 during the last quarter. Finally, City Holding Co. acquired a new stake in Teledyne Technologies in the first quarter worth $38,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

Shares of NYSE TDY traded down $3.02 during trading hours on Monday, reaching $546.01. The stock had a trading volume of 227,491 shares, compared to its average volume of 256,552. The company has a market cap of $25.60 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 2.55 and a beta of 1.09. Teledyne Technologies Incorporated has a twelve month low of $416.00 and a twelve month high of $570.56. The business's fifty day moving average is $541.64 and its two-hundred day moving average is $505.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $4.58 EPS. The business's revenue for the quarter 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, research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its Board of Directors has approved a share repurchase 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 reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CEO George C. Bobb III sold 6,735 shares of the company'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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Simon M. Lorne sold 6,311 shares of the stock in a transaction dated 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 sale, the director 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. Insiders sold 15,021 shares of company stock worth $8,315,662 in the last 90 days. 1.50% of the stock is owned by company insiders.

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.