Teledyne Technologies Incorporated $TDY Shares Acquired by Maven Securities LTD

Key Points

• Maven Securities LTD significantly increased its holdings in Teledyne Technologies by 115.9%, owning a total of 2,483 shares valued at approximately $1.24 million.
• Teledyne Technologies reported earnings of $5.20 per share, beating analyst expectations, with revenues of $1.51 billion, a year-over-year increase of 10.2%.
• The company has a share repurchase authorization of $2 billion, allowing it to buy back up to 7.7% of its stock, signaling potential undervaluation according to the board.

Maven Securities LTD increased its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 115.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,483 shares of the scientific and technical instruments company's stock after buying an additional 1,333 shares during the quarter. Maven Securities LTD's holdings in Teledyne Technologies were worth $1,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in Teledyne Technologies by 11.1% in the 1st quarter. Wellington Management Group LLP now owns 8,585 shares of the scientific and technical instruments company's stock valued at $4,273,000 after purchasing an additional 860 shares in the last quarter. Korea Investment CORP boosted its holdings in Teledyne Technologies by 24.7% in the 1st quarter. Korea Investment CORP now owns 42,873 shares of the scientific and technical instruments company's stock valued at $21,338,000 after purchasing an additional 8,493 shares in the last quarter. Northern Trust Corp boosted its holdings in Teledyne Technologies by 0.5% in the 1st quarter. Northern Trust Corp now owns 539,364 shares of the scientific and technical instruments company's stock valued at $268,447,000 after purchasing an additional 2,490 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Teledyne Technologies by 737.7% in the 1st quarter. Brooklyn Investment Group now owns 645 shares of the scientific and technical instruments company's stock valued at $321,000 after purchasing an additional 568 shares in the last quarter. Finally, Corient IA LLC purchased a new stake in Teledyne Technologies in the 1st quarter valued at approximately $498,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Securities reaffirmed a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a report on Thursday, April 24th. Stifel Nicolaus assumed coverage on Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price objective on the stock. Morgan Stanley lifted their price objective on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. UBS Group lifted their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Needham & Company LLC decreased their price target on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $576.57.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded up $7.5850 during trading on Friday, hitting $550.0250. 146,903 shares of the company were exchanged, compared to its average volume of 337,395. 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 fifty-two week low of $416.00 and a fifty-two week high of $570.56. The stock has a market capitalization of $25.79 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 2.52 and a beta of 1.07. The firm has a 50 day moving average price of $531.35 and a 200 day moving average price of $502.34.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $4.58 EPS. The company's quarterly revenue 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. On average, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies announced that its board has approved a share repurchase program on Wednesday, July 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies 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 directly owned 61,913 shares in the company, valued at $34,029,861.32. The trade was a 9.25% decrease in their position. The sale 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 the company's 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. The trade was a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,021 shares of company stock worth $8,315,662 in the last ninety days. 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.