Interval Partners LP Trims Position in Teledyne Technologies Incorporated $TDY

Key Points

• Interval Partners LP has reduced its stake in Teledyne Technologies by 38.8%, selling 16,363 shares and now holding a total of 25,854 shares valued at approximately $12.87 million.
• Multiple analysts have a positive outlook for Teledyne Technologies, with six analysts rating it as a "Buy" and a consensus target price of $576.57.
• The company has announced a $2.00 billion share buyback program, indicating confidence from the board in its stock being undervalued.

Interval Partners LP trimmed its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 38.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,854 shares of the scientific and technical instruments company's stock after selling 16,363 shares during the quarter. Interval Partners LP owned 0.06% of Teledyne Technologies worth $12,868,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TDY. GAMMA Investing LLC raised its holdings in shares of Teledyne Technologies by 61,911.9% in the 1st quarter. GAMMA Investing LLC now owns 496,715 shares of the scientific and technical instruments company's stock valued at $247,220,000 after acquiring an additional 495,914 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Teledyne Technologies during the 4th quarter worth $143,524,000. Pacer Advisors Inc. grew its position in Teledyne Technologies by 3,319.3% in the first quarter. Pacer Advisors Inc. now owns 181,601 shares of the scientific and technical instruments company's stock worth $90,385,000 after acquiring an additional 176,290 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Teledyne Technologies by 10.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company's stock worth $726,369,000 after purchasing an additional 143,062 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Teledyne Technologies by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company's stock valued at $2,846,053,000 after purchasing an additional 105,811 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Down 0.6%

Shares of TDY stock traded down $3.02 during midday trading on Monday, reaching $546.01. 227,491 shares of the stock were exchanged, compared to its average volume of 256,552. The company's 50 day moving average is $541.64 and its two-hundred day moving average is $505.42. The firm has a market cap of $25.60 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. Teledyne Technologies Incorporated has a 1 year low of $416.00 and a 1 year high of $570.56.

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, beating the consensus estimate of $5.05 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The company's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $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. On average, equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its board has approved a stock repurchase 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 repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TDY. UBS Group upped their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Morgan Stanley boosted their price objective on 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 note on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $576.57.

Insiders Place Their Bets

In related news, CEO George C. Bobb III sold 6,735 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 10,391 shares of the company's stock, valued at approximately $5,771,265.31. This trade represents a 39.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael T. Smith sold 1,975 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the completion of the transaction, the director 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 disclosure for this sale can be found here. In the last quarter, insiders sold 15,021 shares of company stock valued at $8,315,662. Company insiders own 1.50% of the company's stock.

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.