Southeast Asset Advisors LLC Sells 2,919 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• Southeast Asset Advisors LLC significantly reduced its stake in Teledyne Technologies Incorporated by 48.7% during the first quarter, now holding 3,076 shares valued at approximately $1.53 million.
• Teledyne Technologies reported quarterly earnings of $5.20 EPS, exceeding estimates, and announced a $2.00 billion stock buyback plan, which is indicative of the board's belief that the stock is undervalued.
• Recent analyst ratings feature upgrades from major firms, including UBS, which raised its price target to $630.00, reflecting a positive outlook for the company's performance.

Southeast Asset Advisors LLC trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 48.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,076 shares of the scientific and technical instruments company's stock after selling 2,919 shares during the quarter. Southeast Asset Advisors LLC's holdings in Teledyne Technologies were worth $1,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TDY. OneDigital Investment Advisors LLC purchased a new position in shares of Teledyne Technologies in the first quarter valued at about $247,000. Asset Management One Co. Ltd. increased its holdings in Teledyne Technologies by 4.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 38,298 shares of the scientific and technical instruments company's stock valued at $19,061,000 after purchasing an additional 1,712 shares during the period. IFM Investors Pty Ltd raised its position in Teledyne Technologies by 8.3% during the 1st quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company's stock valued at $4,436,000 after purchasing an additional 681 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Teledyne Technologies in the 1st quarter worth approximately $6,725,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Teledyne Technologies in the 1st quarter worth approximately $275,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Activity

In related news, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction 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 sale, the director owned 51,328 shares of the company's stock, valued at $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Simon M. Lorne sold 6,311 shares of the company's stock in a transaction 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 sale, the director owned 61,913 shares of the company's stock, valued at approximately $34,029,861.32. This trade represents a 9.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,021 shares of company stock valued at $8,315,662 over the last three months. Insiders own 1.50% of the company's stock.

Teledyne Technologies Stock Down 0.7%

NYSE TDY traded down $3.62 during mid-day trading on Wednesday, reaching $541.15. The stock had a trading volume of 178,759 shares, compared to its average volume of 305,894. The stock has a market cap of $25.37 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 2.53 and a beta of 1.07. Teledyne Technologies Incorporated has a 1 year low of $416.00 and a 1 year high of $570.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07. The company has a fifty day moving average price of $534.55 and a 200 day moving average price of $502.96.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the previous year, the business earned $4.58 earnings per share. The company's revenue 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. On average, research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies announced that its board has approved a stock 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 shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of research analyst reports. Stifel Nicolaus assumed coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target for the company. Morgan Stanley raised their target price on shares of 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 boosted their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.