ORG Partners LLC Sells 682 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• ORG Partners LLC sold 682 shares of Teledyne Technologies, reducing its holdings by 55.2% to 553 shares valued at $283,000 as of the end of the quarter.
• Insider selling was notable, with Director Michael T. Smith and CEO George C. Bobb III selling a total of 8,710 shares in late July.
• Teledyne Technologies reported a strong earnings performance with $5.20 per share, exceeding estimates, and announced a $2 billion buyback program to repurchase up to 7.7% of its stock.

ORG Partners LLC lowered its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 55.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 553 shares of the scientific and technical instruments company's stock after selling 682 shares during the period. ORG Partners LLC's holdings in Teledyne Technologies were worth $283,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its position in Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 35 shares during the period. NBC Securities Inc. purchased a new stake in shares of Teledyne Technologies in the 1st quarter worth approximately $28,000. TCTC Holdings LLC lifted its holdings in shares of Teledyne Technologies by 97.4% during the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock valued at $37,000 after buying an additional 37 shares during the period. City Holding Co. bought a new position in Teledyne Technologies in the 1st quarter worth $38,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of Teledyne Technologies by 51.9% in the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company's stock worth $42,000 after acquiring an additional 28 shares during the period. Institutional investors own 91.58% of the company's stock.

Insider Buying and Selling 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 shares were sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the sale, the director directly owned 51,328 shares of the company's stock, valued at approximately $28,748,812.80. This represents a 3.71% decrease in their ownership of the stock. The sale 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 company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the completion of the sale, the chief executive officer directly owned 10,391 shares of the company's stock, valued at $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 have sold 15,021 shares of company stock valued at $8,315,662 over the last quarter. Corporate insiders own 1.50% of the company's stock.

Teledyne Technologies Stock Up 2.1%

TDY stock opened at $578.05 on Friday. The firm has a 50-day moving average of $550.49 and a two-hundred day moving average of $511.63. The company has a market cap of $27.10 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.68 and a beta of 1.09. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. Teledyne Technologies Incorporated has a 12 month low of $419.00 and a 12 month high of $579.46.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its 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. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm 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, analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies announced that its board has authorized a share buyback program on Wednesday, July 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently commented on TDY. Stifel Nicolaus assumed coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target for the company. UBS Group upped their price target on Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $576.57.

Teledyne Technologies Company 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.

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