Groupama Asset Managment Reduces Stock Position in Teledyne Technologies Incorporated $TDY

Key Points

• Groupama Asset Management has reduced its stake in Teledyne Technologies by 47.8%, holding 1,312 shares valued at approximately $650,000 after selling 1,200 shares.
• Teledyne Technologies recently reported a quarterly earnings per share of $5.20, exceeding analyst estimates, with a net revenue of $1.51 billion, reflecting a 10.2% year-over-year growth.
• The company's board has authorized a $2.00 billion share buyback program, indicating that leadership believes its shares are currently undervalued.

Groupama Asset Managment lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 47.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,312 shares of the scientific and technical instruments company's stock after selling 1,200 shares during the quarter. Groupama Asset Managment's holdings in Teledyne Technologies were worth $650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Teledyne Technologies during the 1st quarter worth about $449,000. Maven Securities LTD increased its position in Teledyne Technologies by 115.9% during the 1st quarter. Maven Securities LTD now owns 2,483 shares of the scientific and technical instruments company's stock worth $1,236,000 after purchasing an additional 1,333 shares in the last quarter. Wellington Management Group LLP increased its position in Teledyne Technologies by 11.1% during the 1st quarter. Wellington Management Group LLP now owns 8,585 shares of the scientific and technical instruments company's stock worth $4,273,000 after purchasing an additional 860 shares in the last quarter. Korea Investment CORP increased its position in Teledyne Technologies by 24.7% during the 1st quarter. Korea Investment CORP now owns 42,873 shares of the scientific and technical instruments company's stock worth $21,338,000 after purchasing an additional 8,493 shares in the last quarter. Finally, Northern Trust Corp increased its position in Teledyne Technologies by 0.5% during the 1st quarter. Northern Trust Corp now owns 539,364 shares of the scientific and technical instruments company's stock worth $268,447,000 after purchasing an additional 2,490 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TDY. Stifel Nicolaus began coverage on Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target for the company. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Morgan Stanley lifted their price target on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. TD Securities restated a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Finally, UBS Group lifted their price target on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Teledyne Technologies has an average rating of "Moderate Buy" and an average price target of $576.57.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George C. Bobb III sold 6,735 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The stock was 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 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 over the last ninety days. 1.50% of the stock is owned by company insiders.

Teledyne Technologies Price Performance

TDY opened at $542.0630 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 52-week low of $415.78 and a 52-week high of $570.56. The company has a 50 day moving average of $529.16 and a two-hundred day moving average of $501.86. The company has a market cap of $25.42 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.52 and a beta of 1.07.

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 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $4.58 earnings per share. Teledyne Technologies'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. On average, analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies declared that its board has authorized a share buyback program on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

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.

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.