Lbp Am Sa Raises Stock Position in Teledyne Technologies Incorporated $TDY

Key Points

• Lbp Am Sa increased its stake in Teledyne Technologies by 81% in Q2, acquiring a total of 23,114 shares valued at approximately $11.84 million.
• Teledyne reported a 10.2% revenue increase year-over-year for the quarter, with $1.51 billion in revenue and an EPS of $5.20, exceeding analyst expectations.
• The company announced a stock buyback program allowing for up to $2 billion in shares to be repurchased, indicating confidence in the stock's value.

Lbp Am Sa grew its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 81.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,114 shares of the scientific and technical instruments company's stock after buying an additional 10,344 shares during the period. Lbp Am Sa's holdings in Teledyne Technologies were worth $11,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in Teledyne Technologies by 205.9% in the 1st quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock worth $26,000 after buying an additional 35 shares in the last quarter. NBC Securities Inc. bought a new stake in Teledyne Technologies in the first quarter worth $28,000. TCTC Holdings LLC lifted its stake in Teledyne Technologies by 97.4% in the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 37 shares during the last quarter. City Holding Co. bought a new stake in Teledyne Technologies in the first quarter worth $38,000. Finally, AdvisorNet Financial Inc lifted its stake in Teledyne Technologies by 51.9% in the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company's stock worth $42,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Trading Up 1.2%

Shares of TDY opened at $586.05 on Wednesday. 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 twelve month low of $419.00 and a twelve month high of $586.28. The stock has a market capitalization of $27.48 billion, a P/E ratio of 32.27, a PEG ratio of 2.69 and a beta of 1.09. The firm has a fifty day simple moving average of $551.50 and a two-hundred day simple moving average of $512.98.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 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 business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the business earned $4.58 EPS. The company'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, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on TDY. Morgan Stanley boosted their price target on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target for the company. Finally, UBS Group increased their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

Insiders Place Their Bets

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 10,391 shares in the company, valued at approximately $5,771,265.31. This represents a 39.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Simon M. Lorne sold 6,311 shares of the company's stock in a transaction 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 $34,029,861.32. This trade represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,021 shares of company stock worth $8,315,662. 1.50% of the stock is currently owned by corporate 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.

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