Teledyne Technologies Incorporated $TDY Shares Purchased by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Teledyne Technologies by 8.8%, purchasing an additional 1,261 shares, bringing its total holdings to 15,517 shares valued at about $7.95 million.
• Teledyne Technologies reported a quarterly earnings per share (EPS) of $5.20, exceeding analyst expectations, and projected an EPS of 21.20-21.50 for FY 2025.
• Insiders have sold a total of 15,021 shares in the last three months, indicating some level of divestment amid a notable share repurchase plan of $2 billion initiated by the company.

Public Employees Retirement System of Ohio raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,517 shares of the scientific and technical instruments company's stock after buying an additional 1,261 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Teledyne Technologies were worth $7,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDY. Golden State Wealth Management LLC raised its stake 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 in the last quarter. NBC Securities Inc. acquired a new stake in Teledyne Technologies during the first quarter valued at approximately $28,000. TCTC Holdings LLC raised 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 valued at $37,000 after buying an additional 37 shares in the last quarter. City Holding Co. acquired a new stake in Teledyne Technologies during the first quarter valued at approximately $38,000. Finally, AdvisorNet Financial Inc raised its stake in Teledyne Technologies by 51.9% during the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company's stock valued at $42,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $578.05 on Friday. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $579.46. The firm has a market capitalization of $27.10 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09. The business has a 50 day simple moving average of $550.49 and a 200 day simple moving average of $511.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07.

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 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 analyst estimates of $1.47 billion. During the same period in the prior year, the company posted $4.58 EPS. The business'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. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

TDY has been the topic of a number of research reports. UBS Group increased 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 increased 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. Finally, Stifel Nicolaus initiated 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. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Teledyne Technologies presently has an average rating of "Moderate Buy" and an average target price of $576.57.

Insider Buying and Selling

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the stock in a transaction on Monday, July 28th. The stock was 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 of the company's stock, valued at approximately $28,748,812.80. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief executive officer directly owned 10,391 shares of the company's stock, valued at approximately $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. Insiders sold 15,021 shares of company stock valued at $8,315,662 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

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.

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