Silver Oak Securities Incorporated Increases Holdings in 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 boosted its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 776.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 SEC filing.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake in Teledyne Technologies by 205.9% in the 1st 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. bought a new stake in Teledyne Technologies in the first quarter worth $28,000. TCTC Holdings LLC boosted its holdings in Teledyne Technologies by 97.4% in the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 37 shares in the last quarter. City Holding Co. bought a new position in shares of Teledyne Technologies during the first quarter valued at $38,000. Finally, WPG Advisers LLC bought a new position in shares of Teledyne Technologies during the first quarter valued at $44,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO George C. Bobb III sold 6,735 shares of the business's 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 sale, the chief executive officer owned 10,391 shares in the company, valued at $5,771,265.31. The trade was a 39.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Simon M. Lorne sold 6,311 shares of the company's stock in a transaction that occurred 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 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. In the last 90 days, insiders sold 15,021 shares of company stock worth $8,315,662. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on TDY. UBS Group upped their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Stifel Nicolaus initiated coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target for the company. Finally, Morgan Stanley raised their price objective on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $576.57.

Teledyne Technologies Stock Up 0.3%

Shares of NYSE TDY traded up $1.69 during mid-day trading on Monday, reaching $567.10. The company had a trading volume of 249,598 shares, compared to its average volume of 242,485. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $570.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66. The stock has a fifty day moving average of $548.96 and a two-hundred day moving average of $509.46. The company has a market capitalization of $26.59 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.62 and a beta of 1.09.

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 (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $4.58 EPS. The business's revenue for the quarter was up 10.2% on a year-over-year basis. 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 expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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

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.