Nissay Asset Management Corp Japan ADV Grows Stake in Teledyne Technologies Incorporated $TDY

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Teledyne Technologies by 24.9%, owning 53,765 shares valued at approximately $26.76 million by the end of the first quarter.
• Teledyne Technologies' stock received several positive ratings upgrades, including a new "buy" rating from Stifel Nicolaus and increased price targets from both Morgan Stanley and UBS Group, indicating strong analyst confidence in the stock's performance.
• The company also announced a $2.00 billion stock buyback program, reflecting management's belief that shares are undervalued, alongside a reported 10.2% revenue increase year-over-year for the last quarter.

Nissay Asset Management Corp Japan ADV grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 24.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,765 shares of the scientific and technical instruments company's stock after acquiring an additional 10,714 shares during the period. Nissay Asset Management Corp Japan ADV owned about 0.11% of Teledyne Technologies worth $26,759,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in 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 buying an additional 35 shares during the period. NBC Securities Inc. purchased a new position in Teledyne Technologies during the first quarter valued at approximately $28,000. Ancora Advisors LLC increased its holdings in Teledyne Technologies by 192.3% during the fourth 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 during the period. TCTC Holdings LLC increased its holdings 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 valued at $37,000 after buying an additional 37 shares during the period. Finally, City Holding Co. purchased a new position in Teledyne Technologies during the first quarter valued at approximately $38,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TDY has been the topic of several analyst reports. Morgan Stanley lifted their price target 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. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target on the stock. Finally, UBS Group lifted their price target 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. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $576.57.

Insider Activity at Teledyne Technologies

In related news, Director Michael T. Smith sold 1,975 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the completion of the transaction, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George C. Bobb III sold 6,735 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the transaction, the chief executive officer owned 10,391 shares of the company's stock, valued at $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,021 shares of company stock worth $8,315,662 over the last three months. Company insiders own 1.50% of the company's stock.

Teledyne Technologies Stock Performance

NYSE TDY traded up $1.26 on Friday, reaching $548.26. 266,615 shares of the company's stock traded hands, compared to its average volume of 256,552. The firm has a market cap 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 stock has a 50 day moving average price of $540.96 and a 200-day moving average price of $505.04. Teledyne Technologies Incorporated has a fifty-two week low of $416.00 and a fifty-two week high of $570.56. 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 (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, beating analysts' consensus estimates of $5.05 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The firm's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm 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. Equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has authorized a share repurchase program 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 buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically an indication 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.