Teledyne Technologies Incorporated $TDY is Cramer Rosenthal Mcglynn LLC's 9th Largest Position

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its stake in Teledyne Technologies by 16.3%, now holding approximately 62,775 shares, making it the 9th largest position in their portfolio.
• Teledyne Technologies reported earnings per share of $5.20 for the most recent quarter, exceeding the consensus estimate of $5.05, with a revenue increase of 10.2% compared to the same period last year.
• The company announced a $2.00 billion stock repurchase plan, allowing it to buy back up to 7.7% of its stock, signifying that the board believes the stock is undervalued.

Cramer Rosenthal Mcglynn LLC reduced its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,775 shares of the scientific and technical instruments company's stock after selling 12,243 shares during the quarter. Teledyne Technologies comprises approximately 2.2% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 9th largest position. Cramer Rosenthal Mcglynn LLC owned about 0.13% of Teledyne Technologies worth $31,244,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in 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 in the last quarter. Quarry LP purchased a new stake in Teledyne Technologies during the 4th quarter valued at approximately $28,000. NBC Securities Inc. purchased a new stake in Teledyne Technologies during the 1st quarter valued at approximately $28,000. Ancora Advisors LLC grew its holdings in Teledyne Technologies by 192.3% during the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after buying an additional 50 shares in the last quarter. Finally, TCTC Holdings LLC grew its holdings in shares of 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 valued at $37,000 after purchasing an additional 37 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Up 1.4%

Shares of TDY opened at $550.0250 on Monday. Teledyne Technologies Incorporated has a 52-week low of $416.00 and a 52-week high of $570.56. The company has a market cap of $25.79 billion, a PE ratio of 30.29, a P/E/G ratio of 2.56 and a beta of 1.07. The business has a fifty day moving average of $531.35 and a 200 day moving average of $502.19. 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 released its 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 business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the company earned $4.58 earnings per share. The business'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. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its board has authorized a stock repurchase plan 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 plans are usually a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Morgan Stanley raised their target price 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. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price for the company. Finally, Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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 on 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 completion of the sale, the chief executive officer directly owned 10,391 shares in the company, valued at approximately $5,771,265.31. This trade represents a 39.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies stock in a transaction on Friday, July 25th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,021 shares of company stock worth $8,315,662. 1.50% of the stock is currently owned by insiders.

Teledyne Technologies 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.

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