Canada Pension Plan Investment Board Has $19.63 Million Position in Teledyne Technologies Incorporated $TDY

Key Points

• Canada Pension Plan Investment Board increased its stake in Teledyne Technologies by 109.6%, acquiring a total of 39,439 shares valued at approximately $19.6 million by the end of the recent reporting period.
• CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies, marking a 39.33% decrease in his holdings, while total insider sales over the last three months reached $8.3 million.
• Analysts have a generally **positive outlook** on Teledyne, with a consensus rating of "Moderate Buy" and an average price target of $576.57.

Canada Pension Plan Investment Board boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 109.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,439 shares of the scientific and technical instruments company's stock after purchasing an additional 20,623 shares during the period. Canada Pension Plan Investment Board owned about 0.08% of Teledyne Technologies worth $19,629,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDY. Golden State Wealth Management LLC boosted its position 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 worth $26,000 after buying an additional 35 shares during the period. Quarry LP bought a new stake in Teledyne Technologies in the 4th quarter valued at approximately $28,000. NBC Securities Inc. acquired a new position in Teledyne Technologies during the 1st quarter worth approximately $28,000. Ancora Advisors LLC grew its stake in shares of 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 worth $35,000 after acquiring an additional 50 shares in the last quarter. Finally, TCTC Holdings LLC raised 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 during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Transactions at Teledyne Technologies

In related news, Director Simon M. Lorne sold 6,311 shares of the business'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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George C. Bobb III sold 6,735 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer owned 10,391 shares in the company, valued at approximately $5,771,265.31. This trade represents a 39.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,021 shares of company stock worth $8,315,662. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. UBS Group boosted 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. Finally, Stifel Nicolaus initiated coverage on Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

Teledyne Technologies Stock Performance

Shares of TDY stock traded up $1.26 on Friday, reaching $548.26. The stock had a trading volume of 266,615 shares, compared to its average volume of 256,552. Teledyne Technologies Incorporated has a 12 month low of $416.00 and a 12 month high of $570.56. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 2.55 and a beta of 1.09. The firm's 50-day moving average is $540.96 and its two-hundred day moving average is $505.04. 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 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 analysts' expectations of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.Teledyne Technologies's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted $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. On average, research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its Board of Directors has approved a stock repurchase program 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 shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

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.