Teledyne Technologies Incorporated $TDY Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its stake in Teledyne Technologies by 461.5% in the second quarter, owning a total of 5,025 shares valued at approximately $2.57 million.
• Teledyne Technologies reported a 10.2% increase in quarterly revenue, achieving $1.51 billion and surpassing analyst expectations.
• The company has authorized a $2.00 billion share repurchase program, allowing it to buy back up to 7.7% of its outstanding shares, signaling confidence in its valuation.

Callan Family Office LLC lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 461.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,025 shares of the scientific and technical instruments company's stock after acquiring an additional 4,130 shares during the quarter. Callan Family Office LLC's holdings in Teledyne Technologies were worth $2,574,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Teledyne Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company's stock worth $2,846,053,000 after purchasing an additional 105,811 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Teledyne Technologies by 10.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company's stock valued at $726,369,000 after purchasing an additional 143,062 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Teledyne Technologies by 7.1% in 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 purchasing an additional 73,009 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Teledyne Technologies by 56.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company's stock valued at $318,819,000 after purchasing an additional 232,401 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Teledyne Technologies by 0.5% in the 1st quarter. Northern Trust Corp now owns 539,364 shares of the scientific and technical instruments company's stock valued at $268,447,000 after purchasing an additional 2,490 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $567.27 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99. The company has a market cap of $26.60 billion, a PE ratio of 31.24, a PEG ratio of 2.63 and a beta of 1.11. The company's 50-day moving average is $556.50 and its two-hundred day moving average is $517.36.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the prior year, the business earned $4.58 EPS. Teledyne Technologies'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. Equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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

Analysts Set New Price Targets

TDY has been the subject of several recent analyst reports. 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 objective for the company. Morgan Stanley upped their price objective 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. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a research report on Wednesday. Barclays started coverage on shares of Teledyne Technologies in a research note on Wednesday. They set an "equal weight" rating and a $606.00 price objective on the stock. Finally, UBS Group increased their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Teledyne Technologies has an average rating of "Moderate Buy" and a consensus price target of $580.25.

Insider Activity

In other news, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies stock in a transaction dated 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. This trade represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $3,740,686.35. Following the sale, the chief executive officer directly owned 10,391 shares in the company, valued at $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. Over the last three months, insiders have sold 15,021 shares of company stock valued at $8,315,662. 1.50% of the stock is currently owned by corporate insiders.

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.

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