Teledyne Technologies Incorporated $TDY Shares Purchased by AQR Capital Management LLC

Key Points

• AQR Capital Management increased its stake in Teledyne Technologies by 27.8% during Q1, owning approximately 0.07% of the company valued at $16.1 million.
• Teledyne reported $5.20 EPS for the latest quarter, beating estimates, with an annual revenue increase of 10.2%.
• The company has approved a $2 billion share buyback plan, indicating confidence in its valuation by the board.

AQR Capital Management LLC raised its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 27.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,660 shares of the scientific and technical instruments company's stock after purchasing an additional 7,109 shares during the quarter. AQR Capital Management LLC owned about 0.07% of Teledyne Technologies worth $16,117,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TDY. Golden State Wealth Management LLC increased its holdings in shares of 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 worth $26,000 after buying an additional 35 shares during the last quarter. NBC Securities Inc. purchased a new stake in Teledyne Technologies during the first quarter valued at about $28,000. TCTC Holdings LLC increased its stake 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 acquiring an additional 37 shares during the last quarter. City Holding Co. purchased a new position in shares of Teledyne Technologies in the 1st quarter worth about $38,000. Finally, WPG Advisers LLC acquired a new position in shares of Teledyne Technologies in the 1st quarter valued at about $44,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

Shares of TDY stock opened at $544.72 on Wednesday. The firm has a fifty day simple moving average of $542.31 and a 200-day simple moving average of $505.70. The company has a market capitalization of $25.54 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 2.54 and a beta of 1.09. Teledyne Technologies Incorporated has a twelve month low of $416.00 and a twelve month high of $570.56. 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 (NYSE:TDY - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.51 billion for 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 quarter in the previous year, the business posted $4.58 EPS. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Equities research 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 approved a share buyback plan 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 purchase 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.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of the firm'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 transaction of $3,740,686.35. Following the completion of the sale, the chief executive officer owned 10,391 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Simon M. Lorne sold 6,311 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $549.64, for a total value of $3,468,778.04. Following the completion of the transaction, the director directly owned 61,913 shares in the company, valued at approximately $34,029,861.32. The trade was a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,021 shares of company stock valued at $8,315,662. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TDY. UBS Group increased their target price 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. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus began coverage on shares of Teledyne Technologies in a research note on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $576.57.

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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