Teledyne Technologies Incorporated $TDY Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its stake in Teledyne Technologies by 7.4%, owning 17,496 shares worth approximately $8.96 million as of the end of the most recent quarter.
• Multiple institutional investors significantly raised their positions in Teledyne Technologies, with GAMMA Investing LLC increasing its holdings by 61,911.9% in the first quarter.
• Teledyne Technologies reported better-than-expected earnings, with an EPS of $5.20 for the last quarter, surpassing estimates and showing a year-over-year revenue increase of 10.2%.

Swedbank AB boosted its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,496 shares of the scientific and technical instruments company's stock after purchasing an additional 1,200 shares during the period. Swedbank AB's holdings in Teledyne Technologies were worth $8,963,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TDY. Golden State Wealth Management LLC grew its holdings in Teledyne Technologies by 205.9% during the 1st quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock valued at $26,000 after buying an additional 35 shares during the last quarter. NBC Securities Inc. acquired a new stake in Teledyne Technologies during the 1st quarter valued at $28,000. TCTC Holdings LLC grew its holdings in 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 last quarter. City Holding Co. acquired a new stake in Teledyne Technologies during the 1st quarter valued at $38,000. Finally, WPG Advisers LLC acquired a new stake in Teledyne Technologies during the 1st quarter valued at $44,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

TDY has been the topic of several analyst reports. Morgan Stanley raised their price objective on Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Stifel Nicolaus initiated coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price objective on the stock. Finally, UBS Group raised 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. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $576.57.

Insider Transactions at Teledyne Technologies

In other news, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the sale, the chief executive officer directly owned 10,391 shares of the company's stock, valued at approximately $5,771,265.31. The trade was a 39.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction dated 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 owned 51,328 shares of the company's stock, valued at $28,748,812.80. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,021 shares of company stock valued at $8,315,662. 1.50% of the stock is currently owned by insiders.

Teledyne Technologies Stock Up 0.3%

Shares of NYSE TDY traded up $1.69 during midday trading on Monday, reaching $567.10. 249,598 shares of the company's stock were exchanged, compared to its average volume of 242,485. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $570.56. The stock has a market capitalization of $26.59 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. 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 business's fifty day moving average price is $548.96 and its two-hundred day moving average price is $509.46.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company earned $4.58 earnings per share. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its board has approved a share buyback program on Wednesday, July 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board 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.