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Teledyne Technologies Incorporated $TDY Shares Bought by Aberdeen Group plc

Teledyne Technologies logo with Aerospace background

Key Points

  • Aberdeen Group plc increased its stake in Teledyne Technologies by 5.0% during Q2, owning 41,155 shares valued at approximately $21.08 million.
  • Teledyne's CEO George C. Bobb III sold 6,735 shares, decreasing his ownership by 39.33%, while insiders collectively sold 15,021 shares worth over $8.3 million in the last 90 days.
  • Analysts have set a consensus price target of $580.25 for Teledyne Technologies, with seven analysts rating the stock as a Buy.
  • Five stocks to consider instead of Teledyne Technologies.

Aberdeen Group plc raised its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 5.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 41,155 shares of the scientific and technical instruments company's stock after purchasing an additional 1,943 shares during the period. Aberdeen Group plc owned about 0.09% of Teledyne Technologies worth $21,084,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in shares of Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock valued at $26,000 after acquiring an additional 35 shares during the last quarter. TCTC Holdings LLC lifted its position in Teledyne Technologies by 97.4% during the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 37 shares during the period. AdvisorNet Financial Inc lifted 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. WPG Advisers LLC acquired a new position in shares of Teledyne Technologies in the 1st quarter valued at about $44,000. Finally, AlphaQuest LLC acquired a new position in shares of Teledyne Technologies in the 1st quarter valued at about $57,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Activity

In other news, CEO George C. Bobb III sold 6,735 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total value 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. The trade was a 39.33% decrease in their position. 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 the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $560.10, for a total value of $1,106,197.50. Following the completion of the sale, 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. In 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.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TDY shares. Stifel Nicolaus started coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target on the stock. UBS Group boosted their price target on Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley boosted their price target on Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Finally, Barclays started coverage on Teledyne Technologies in a report on Wednesday, October 8th. They set an "equal weight" rating and a $606.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Teledyne Technologies has an average rating of "Moderate Buy" and a consensus price target of $580.25.

Check Out Our Latest Analysis on TDY

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $568.90 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $595.99. The company's 50-day simple moving average is $556.83 and its 200-day simple moving average is $517.95. The stock has a market capitalization of $26.68 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.63 and a beta of 1.11.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter last year, the company posted $4.58 earnings per share. The company's quarterly 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. Equities analysts anticipate 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 buyback plan on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in 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 plans are often a sign that the company's board of directors believes its stock is undervalued.

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.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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