Free Trial

Moran Wealth Management LLC Invests $3.15 Million in Teledyne Technologies Incorporated $TDY

Teledyne Technologies logo with Aerospace background

Key Points

  • Moran Wealth Management LLC invested approximately $3.15 million in Teledyne Technologies, acquiring 6,141 shares during the second quarter.
  • Several hedge funds have increased their positions in Teledyne Technologies, with the Board of the Pension Protection Fund notably boosting theirs by 1,350%.
  • Teledyne Technologies reported a quarterly earnings beat with $5.20 earnings per share, exceeding analysts' expectations, and announced a $2 billion share repurchase plan to buy back 7.7% of its shares.
  • Five stocks to consider instead of Teledyne Technologies.

Moran Wealth Management LLC bought a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,141 shares of the scientific and technical instruments company's stock, valued at approximately $3,146,000.

Other hedge funds have also recently modified their holdings of the company. Defender Capital LLC. increased its position in Teledyne Technologies by 5.7% during the second quarter. Defender Capital LLC. now owns 34,536 shares of the scientific and technical instruments company's stock worth $17,693,000 after purchasing an additional 1,875 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Teledyne Technologies by 27.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,203 shares of the scientific and technical instruments company's stock worth $616,000 after buying an additional 256 shares during the last quarter. LRI Investments LLC raised its position in shares of Teledyne Technologies by 12.2% during the 2nd quarter. LRI Investments LLC now owns 559 shares of the scientific and technical instruments company's stock valued at $286,000 after buying an additional 61 shares during the period. Board of the Pension Protection Fund lifted its holdings in Teledyne Technologies by 1,350.0% in the second quarter. Board of the Pension Protection Fund now owns 2,900 shares of the scientific and technical instruments company's stock valued at $1,486,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in Teledyne Technologies by 16.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,783 shares of the scientific and technical instruments company's stock worth $1,942,000 after acquiring an additional 547 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Buying and Selling

In other news, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies stock in a transaction on Friday, July 25th. The shares were sold at an average price of $549.64, for a total value of $3,468,778.04. Following the transaction, the director directly owned 61,913 shares of the company's stock, valued at $34,029,861.32. The trade was a 9.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael T. Smith sold 1,975 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the completion of the sale, the director owned 51,328 shares of the company's stock, valued at approximately $28,748,812.80. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,021 shares of company stock worth $8,315,662 in the last quarter. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TDY has been the topic of a number of research analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an "equal weight" rating in a report on Wednesday. Barclays assumed coverage on shares of Teledyne Technologies in a research note on Wednesday, October 8th. They set an "equal weight" rating and a $606.00 target price for the company. UBS Group boosted their price target 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. Finally, 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 objective for the company. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $585.25.

Check Out Our Latest Report on Teledyne Technologies

Teledyne Technologies Stock Performance

Shares of TDY opened at $565.72 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $557.52 and a 200 day moving average price of $518.65. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 2.65 and a beta of 1.11. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $595.99.

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 analysts' consensus estimates of $5.05 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. Teledyne Technologies's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.58 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its Board of Directors has approved a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

About Teledyne Technologies

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Teledyne Technologies Right Now?

Before you consider Teledyne Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teledyne Technologies wasn't on the list.

While Teledyne Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.