Running Oak Capital LLC Increases Stake in Teledyne Technologies Incorporated $TDY

Key Points

• Running Oak Capital LLC increased its investment in Teledyne Technologies by 4.4%, acquiring an additional 1,384 shares, which now constitutes 1.9% of its portfolio.
• Several institutional investors, including UBS AM and Pacer Advisors Inc., significantly increased their stakes in Teledyne Technologies during recent quarters.
• Teledyne Technologies recently reported a quarterly earnings share that exceeded expectations, while the company's board announced a $2.00 billion share buyback plan, indicating confidence in the stock's valuation.

Running Oak Capital LLC increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,658 shares of the scientific and technical instruments company's stock after purchasing an additional 1,384 shares during the period. Teledyne Technologies makes up 1.9% of Running Oak Capital LLC's portfolio, making the stock its 24th largest holding. Running Oak Capital LLC owned about 0.07% of Teledyne Technologies worth $16,731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Teledyne Technologies by 56.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company's stock valued at $318,819,000 after buying an additional 232,401 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Teledyne Technologies by 3,319.3% during the 1st quarter. Pacer Advisors Inc. now owns 181,601 shares of the scientific and technical instruments company's stock valued at $90,385,000 after acquiring an additional 176,290 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Teledyne Technologies by 10.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company's stock valued at $726,369,000 after acquiring an additional 143,062 shares during the last quarter. Vanguard Group Inc. increased its stake in Teledyne Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company's stock worth $2,846,053,000 after purchasing an additional 105,811 shares during the period. Finally, Greenhouse Funds LLLP bought a new stake in shares of Teledyne Technologies during the first quarter worth $48,532,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Teledyne Technologies in a report on Saturday, September 27th. Morgan Stanley lifted 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. UBS Group upped their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Stifel Nicolaus began coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $576.57.

Teledyne Technologies Trading Up 0.9%

NYSE:TDY opened at $587.15 on Monday. The company has a market capitalization of $27.53 billion, a P/E ratio of 32.33, a PEG ratio of 2.73 and a beta of 1.11. 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 $590.09. The firm has a fifty day simple moving average of $553.33 and a 200-day simple moving average of $514.81.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced 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. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The company's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $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. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies announced that its board has initiated a share 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 buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Activity

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction on Monday, July 28th. The shares were sold at an average price of $560.10, for a total value of $1,106,197.50. Following the completion of the transaction, the director owned 51,328 shares of the company's stock, valued at approximately $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies stock in a transaction dated 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 completion of the transaction, the director owned 61,913 shares of the company's stock, valued at approximately $34,029,861.32. This represents a 9.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,021 shares of company stock valued at $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.

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