Callan Family Office LLC Sells 3,524 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• Callan Family Office LLC reduced its holdings in Teledyne Technologies by 79.7%, leaving them with 895 shares valued at $445,000 as of the latest SEC filing.
• Teledyne Technologies reported $5.20 EPS in its latest earnings, surpassing estimates, with revenue growth of 10.2% year-over-year.
• The company has authorized a share repurchase of up to $2.00 billion, indicating that the board believes the stock is undervalued.

Callan Family Office LLC trimmed its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 79.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 895 shares of the scientific and technical instruments company's stock after selling 3,524 shares during the quarter. Callan Family Office LLC's holdings in Teledyne Technologies were worth $445,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TDY. Vanguard Group Inc. increased its stake in shares of Teledyne Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company's stock valued at $2,846,053,000 after purchasing an additional 105,811 shares during the period. Janus Henderson Group PLC grew its holdings in Teledyne Technologies by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,723,082 shares of the scientific and technical instruments company's stock worth $799,734,000 after buying an additional 13,607 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Teledyne Technologies by 1.6% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,316,360 shares of the scientific and technical instruments company's stock valued at $610,962,000 after acquiring an additional 20,165 shares during the period. JPMorgan Chase & Co. raised its stake in Teledyne Technologies by 7.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,102,795 shares of the scientific and technical instruments company's stock valued at $548,872,000 after acquiring an additional 73,009 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Teledyne Technologies by 16.6% during the 4th quarter. Northern Trust Corp now owns 536,874 shares of the scientific and technical instruments company's stock valued at $249,180,000 after acquiring an additional 76,552 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Activity at Teledyne Technologies

In related news, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies 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 completion of the transaction, the chief executive officer directly owned 10,391 shares of the company's stock, valued at $5,771,265.31. This trade represents a 39.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Simon M. Lorne sold 6,311 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following the sale, the director directly owned 61,913 shares of the company's stock, valued at approximately $34,029,861.32. The trade was a 9.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,021 shares of company stock worth $8,315,662 in the last 90 days. 1.50% of the stock is owned by company insiders.

Teledyne Technologies Stock Up 0.8%

Shares of TDY traded up $4.0250 during mid-day trading on Tuesday, reaching $540.6150. The company's stock had a trading volume of 46,350 shares, compared to its average volume of 328,231. The business has a fifty day moving average of $527.45 and a 200 day moving average of $501.30. The company has a market cap of $25.35 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.50 and a beta of 1.07. Teledyne Technologies Incorporated has a 1 year low of $415.02 and a 1 year high of $570.56. 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 (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 (EPS) for the quarter, topping 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 net margin of 14.54% and a return on equity of 9.96%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.58 earnings per share. 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, analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has initiated a stock buyback program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TDY shares. UBS Group raised their price target on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. TD Securities reaffirmed a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Morgan Stanley increased their price objective on shares of Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Finally, Needham & Company LLC dropped their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $576.57.

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.