Ieq Capital LLC bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,490 shares of the scientific and technical instruments company's stock, valued at approximately $742,000.
Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its position 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 valued at $26,000 after acquiring an additional 35 shares during the period. NBC Securities Inc. purchased a new position in Teledyne Technologies during the 1st quarter valued at about $28,000. TCTC Holdings LLC lifted its position 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 valued at $37,000 after acquiring an additional 37 shares during the period. Ancora Advisors LLC lifted its position in 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 acquiring an additional 50 shares during the period. Finally, City Holding Co. purchased a new position in Teledyne Technologies during the 1st quarter valued at about $38,000. 91.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
TDY has been the subject of a number of recent research reports. Morgan Stanley lifted their price target 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. Stifel Nicolaus began coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price for the company. Finally, UBS Group lifted their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Teledyne Technologies presently has an average rating of "Moderate Buy" and an average target price of $576.57.
Get Our Latest Stock Analysis on TDY
Teledyne Technologies Stock Performance
Shares of TDY traded up $1.26 during mid-day trading on Friday, hitting $548.26. 266,615 shares of the company traded hands, compared to its average volume of 253,595. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66. The stock has a 50-day moving average price of $540.96 and a two-hundred day moving average price of $505.01. Teledyne Technologies Incorporated has a 1 year low of $416.00 and a 1 year high of $570.56. The stock has a market cap of $25.71 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 2.55 and a beta of 1.09.
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 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 during the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the previous year, the company earned $4.58 earnings per share. 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. Equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.
Teledyne Technologies declared that its board has approved a stock repurchase program on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.
Insider Activity at Teledyne Technologies
In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the company'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 value of $1,106,197.50. Following the completion of the transaction, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Simon M. Lorne sold 6,311 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director owned 61,913 shares of the company's stock, valued at approximately $34,029,861.32. The trade was a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,021 shares of company stock worth $8,315,662. 1.50% of the stock is owned by company insiders.
About Teledyne Technologies
(
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.
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