TD Private Client Wealth LLC grew its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 19.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,174 shares of the scientific and technical instruments company's stock after purchasing an additional 678 shares during the period. TD Private Client Wealth LLC's holdings in Teledyne Technologies were worth $2,138,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake in shares of 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 valued at $26,000 after purchasing an additional 35 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Teledyne Technologies in the 1st quarter valued at $28,000. TCTC Holdings LLC boosted its stake in shares of Teledyne Technologies by 97.4% in the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock valued at $37,000 after purchasing an additional 37 shares in the last quarter. City Holding Co. acquired a new stake in shares of Teledyne Technologies in the 1st quarter valued at $38,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of Teledyne Technologies by 51.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company's stock valued at $42,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.
Teledyne Technologies Stock Up 0.3%
Shares of NYSE TDY opened at $565.46 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.66 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 $573.29. The company has a market cap of $26.51 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The firm's 50-day simple moving average is $550.21 and its 200 day simple moving average is $510.84.
Teledyne Technologies (NYSE:TDY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the company posted $4.58 EPS. The company's revenue 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. On average, research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.
Teledyne Technologies declared that its board has initiated a share repurchase plan on Wednesday, July 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target on the stock. Finally, UBS Group upped their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.
Get Our Latest Report on Teledyne Technologies
Insider Buying and Selling at Teledyne Technologies
In other Teledyne Technologies news, Director Simon M. Lorne sold 6,311 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following the transaction, the director directly owned 61,913 shares in the company, valued at approximately $34,029,861.32. This represents a 9.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George C. Bobb III sold 6,735 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the transaction, the chief executive officer owned 10,391 shares in the company, valued at approximately $5,771,265.31. The trade was a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,021 shares of company stock worth $8,315,662. Company insiders own 1.50% of the company's stock.
About Teledyne Technologies
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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