Gulf International Bank UK Ltd Sells 1,145 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Teledyne Technologies by 31.1%, owning 2,534 shares worth approximately $1.26 million after selling 1,145 shares.
• Teledyne Technologies reported a 10.2% year-over-year revenue increase in its latest quarterly earnings, with $1.51 billion in revenue and earnings per share of $5.20.
• The board of Teledyne Technologies has authorized a $2.00 billion stock repurchase plan, indicating a belief that the company’s shares may be undervalued.

Gulf International Bank UK Ltd decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 31.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,534 shares of the scientific and technical instruments company's stock after selling 1,145 shares during the quarter. Gulf International Bank UK Ltd's holdings in Teledyne Technologies were worth $1,261,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new position in Teledyne Technologies in the first quarter valued at $247,000. Asset Management One Co. Ltd. lifted its holdings in Teledyne Technologies by 4.7% in the first quarter. Asset Management One Co. Ltd. now owns 38,298 shares of the scientific and technical instruments company's stock valued at $19,061,000 after buying an additional 1,712 shares during the period. IFM Investors Pty Ltd lifted its holdings in Teledyne Technologies by 8.3% in the first quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company's stock valued at $4,436,000 after buying an additional 681 shares during the period. SG Americas Securities LLC acquired a new position in Teledyne Technologies in the first quarter valued at $6,725,000. Finally, QRG Capital Management Inc. acquired a new position in Teledyne Technologies in the first quarter valued at $275,000. Institutional investors own 91.58% of the company's stock.

Insider Buying and Selling

In related news, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies 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 transaction, the director owned 51,328 shares in the company, valued at $28,748,812.80. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction on Wednesday, July 30th. The stock was 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 owned 10,391 shares in the company, valued at approximately $5,771,265.31. The trade was a 39.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. UBS Group upped their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley increased 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded down $1.1330 during mid-day trading on Wednesday, reaching $542.0170. 116,418 shares of the company were exchanged, compared to its average volume of 328,228. Teledyne Technologies Incorporated has a 52 week low of $415.78 and a 52 week high of $570.56. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $25.42 billion, a PE ratio of 29.85, a PEG ratio of 2.49 and a beta of 1.07. The company's 50 day moving average price is $528.27 and its 200 day moving average price is $501.58.

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 EPS for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.58 EPS. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its board has initiated a share repurchase plan on Wednesday, July 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are 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.