Silver Oak Securities Incorporated Buys 1,079 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• Silver Oak Securities Incorporated increased its stake in Teledyne Technologies by 776.3% during the second quarter, acquiring a total of 1,218 shares worth $624,000.
• CEO George C. Bobb III sold 6,735 shares at an average price of $555.41, resulting in a 39.33% decrease in his holdings, while corporate insiders collectively sold 15,021 shares valued at over $8.3 million.
• Teledyne Technologies reported a quarterly EPS of $5.20, surpassing analyst expectations, and has authorized a $2.00 billion share buyback plan indicating perceived undervaluation of its shares.

Silver Oak Securities Incorporated raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 776.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,218 shares of the scientific and technical instruments company's stock after buying an additional 1,079 shares during the quarter. Silver Oak Securities Incorporated's holdings in Teledyne Technologies were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CX Institutional grew its position in Teledyne Technologies by 24.0% during the second quarter. CX Institutional now owns 574 shares of the scientific and technical instruments company's stock worth $294,000 after buying an additional 111 shares in the last quarter. UMB Bank n.a. grew its position in Teledyne Technologies by 81.8% during the second quarter. UMB Bank n.a. now owns 120 shares of the scientific and technical instruments company's stock worth $61,000 after buying an additional 54 shares in the last quarter. Eagle Bay Advisors LLC grew its position in Teledyne Technologies by 10.3% during the second quarter. Eagle Bay Advisors LLC now owns 588 shares of the scientific and technical instruments company's stock worth $301,000 after buying an additional 55 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Teledyne Technologies by 32.4% during the second quarter. Assenagon Asset Management S.A. now owns 157,495 shares of the scientific and technical instruments company's stock worth $80,686,000 after buying an additional 38,540 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its position in Teledyne Technologies by 5.0% during the second quarter. IFM Investors Pty Ltd now owns 8,642 shares of the scientific and technical instruments company's stock worth $4,427,000 after buying an additional 410 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Teledyne Technologies

In other news, CEO George C. Bobb III sold 6,735 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total value of $3,740,686.35. Following the completion of the transaction, the chief executive officer owned 10,391 shares of the company's stock, valued at approximately $5,771,265.31. This represents a 39.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael T. Smith sold 1,975 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was 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 directly owned 51,328 shares of the company's stock, valued at $28,748,812.80. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,021 shares of company stock valued at $8,315,662. Corporate insiders own 1.50% of the company's stock.

Teledyne Technologies Trading Up 0.4%

TDY opened at $564.95 on Monday. The business has a 50 day simple moving average of $548.34 and a two-hundred day simple moving average of $508.88. The firm has a market capitalization of $26.49 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $570.56.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, beating analysts' consensus estimates of $5.05 by $0.15. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its board has authorized a share buyback plan on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

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

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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