Maren Capital LLC Has $146.89 Million Position in Teledyne Technologies Incorporated $TDY

Key Points

• Maren Capital LLC increased its stake in Teledyne Technologies by 3.7% in the 1st quarter, now owning 295,137 shares worth approximately $146.9 million.
• Teledyne Technologies reported quarterly earnings of $5.20 EPS, exceeding analysts' estimates, and a revenue of $1.51 billion for the quarter.
• Both CEO George C. Bobb III and Director Simon M. Lorne sold significant shares, indicating a decrease in insider ownership with Lorne's stake dropping by 9.25% and Bobb's by 39.33%.

Maren Capital LLC lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 295,137 shares of the scientific and technical instruments company's stock after purchasing an additional 10,573 shares during the period. Teledyne Technologies comprises approximately 10.0% of Maren Capital LLC's holdings, making the stock its biggest position. Maren Capital LLC owned approximately 0.63% of Teledyne Technologies worth $146,893,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake 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 worth $247,220,000 after purchasing an additional 495,914 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Teledyne Technologies by 19,605.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 365,133 shares of the scientific and technical instruments company's stock valued at $169,469,000 after purchasing an additional 363,280 shares during the period. Point72 Asset Management L.P. purchased a new stake in Teledyne Technologies in the fourth quarter worth about $143,524,000. Pacer Advisors Inc. raised its stake in shares of 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 buying an additional 176,290 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at about $61,939,000. 91.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. UBS Group increased their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 target price on the stock. Finally, Morgan Stanley upped their target price on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

Teledyne Technologies Trading Down 0.7%

NYSE TDY traded down $3.62 during trading hours on Wednesday, hitting $541.15. 178,756 shares of the company were exchanged, compared to its average volume of 325,545. The stock has a market cap of $25.37 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Teledyne Technologies Incorporated has a 52 week low of $416.00 and a 52 week high of $570.56. The stock has a 50-day moving average price of $533.50 and a 200 day moving average price of $502.69. 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 (NYSE:TDY - Get Free Report) last released its quarterly 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. 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 EPS. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, July 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $560.10, for a total value of $1,106,197.50. Following the sale, the director owned 51,328 shares in the company, valued at $28,748,812.80. This trade 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 at this hyperlink. 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 value of $3,740,686.35. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 15,021 shares of company stock worth $8,315,662 in the last quarter. 1.50% of the stock is owned by company insiders.

About Teledyne Technologies

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.