Teledyne Technologies Incorporated $TDY Shares Bought by National Pension Service

Key Points

• National Pension Service increased its stake in Teledyne Technologies by 1.1% in Q1, holding 76,361 shares valued at $38 million.
• Teledyne Technologies reported $5.20 EPS for the quarter, exceeding estimates, with revenue of $1.51 billion, marking a 10.2% year-over-year increase.
• The company has initiated a $2 billion stock repurchase program, allowing for the buyback of up to 7.7% of its shares, which reflects the board's belief that the stock may be undervalued.

National Pension Service grew its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,361 shares of the scientific and technical instruments company's stock after purchasing an additional 865 shares during the period. National Pension Service owned approximately 0.16% of Teledyne Technologies worth $38,006,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. bought a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $109,000. Mariner LLC lifted its stake in shares of Teledyne Technologies by 2.4% during the 4th quarter. Mariner LLC now owns 5,462 shares of the scientific and technical instruments company's stock worth $2,535,000 after acquiring an additional 130 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of Teledyne Technologies by 151.2% during the 4th quarter. XTX Topco Ltd now owns 1,334 shares of the scientific and technical instruments company's stock worth $619,000 after acquiring an additional 803 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $632,000. Finally, United Capital Financial Advisors LLC lifted its stake in shares of Teledyne Technologies by 10.1% during the 4th quarter. United Capital Financial Advisors LLC now owns 753 shares of the scientific and technical instruments company's stock worth $350,000 after acquiring an additional 69 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TDY shares. TD Securities reissued a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Needham & Company LLC cut their price target on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. UBS Group lifted their price target on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus started coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

Teledyne Technologies Price Performance

NYSE:TDY traded down $1.1330 during trading hours on Wednesday, hitting $542.0170. 116,418 shares of the stock were exchanged, compared to its average volume of 328,228. Teledyne Technologies Incorporated has a 52-week low of $415.78 and a 52-week high of $570.56. The firm's fifty day moving average price is $528.27 and its 200 day moving average price is $501.58. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The company has a market cap of $25.42 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.49 and a beta of 1.07.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted 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. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.Teledyne Technologies's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.58 EPS. 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, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the transaction, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George C. Bobb III sold 6,735 shares of the 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 sale, the chief executive officer owned 10,391 shares in the company, 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. Over the last three months, insiders have sold 15,021 shares of company stock worth $8,315,662. Insiders own 1.50% of the company's stock.

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.