MBB Public Markets I LLC Makes New $318,000 Investment in Teledyne Technologies Incorporated $TDY

Key Points

• MBB Public Markets I LLC made a new investment of $318,000 in Teledyne Technologies, acquiring 638 shares valued at approximately $318,000 in the 1st quarter.
• Teledyne Technologies reported $5.20 earnings per share for its latest quarter, exceeding analysts' expectations and marking a year-over-year revenue increase of 10.2%.
• The company approved a stock buyback program allowing the repurchase of shares worth up to $2.00 billion, indicating management's belief that the stock is undervalued.

MBB Public Markets I LLC purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 638 shares of the scientific and technical instruments company's stock, valued at approximately $318,000.

Several other hedge funds also recently modified their holdings of the stock. Tidal Investments LLC increased its stake in shares of Teledyne Technologies by 0.4% in the 4th quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company's stock valued at $2,556,000 after acquiring an additional 22 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Teledyne Technologies by 0.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company's stock valued at $3,254,000 after acquiring an additional 23 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Teledyne Technologies by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company's stock valued at $471,000 after acquiring an additional 24 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in shares of Teledyne Technologies by 3.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company's stock valued at $359,000 after acquiring an additional 24 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its stake in shares of Teledyne Technologies by 3.9% in the 1st quarter. Sagespring Wealth Partners LLC now owns 663 shares of the scientific and technical instruments company's stock valued at $330,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Insider Activity

In other news, Director Simon M. Lorne sold 6,311 shares of the company's stock in a transaction dated 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 sale, the director directly owned 61,913 shares in the company, valued at $34,029,861.32. This represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO George C. Bobb III sold 6,735 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 10,391 shares in the company, valued at approximately $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,021 shares of company stock worth $8,315,662 over the last ninety days. Company insiders own 1.50% of the company's stock.

Teledyne Technologies Trading Down 0.3%

Shares of Teledyne Technologies stock opened at $544.72 on Wednesday. Teledyne Technologies Incorporated has a 52-week low of $416.00 and a 52-week high of $570.56. The stock's 50-day simple moving average is $542.31 and its 200 day simple moving average is $505.70. The stock has a market capitalization of $25.54 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.54 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results 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 return on equity of 9.96% and a net margin of 14.54%.The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the prior year, the business posted $4.58 earnings per share. The company's 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. As a group, 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 approved a stock buyback program on Wednesday, July 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lifted 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 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. Finally, Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target for the company. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $576.57.

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.

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