Royal Bank of Canada Has $119.85 Million Stake in Teledyne Technologies Incorporated $TDY

Key Points

• Royal Bank of Canada increased its stake in Teledyne Technologies by **2.0%**, holding **240,811 shares** valued at approximately **$119.85 million** following the purchase of an additional **4,677 shares** in the recent quarter.
• Teledyne Technologies reported earnings of **$5.20 per share**, exceeding analysts' expectations, and revenue of **$1.51 billion**, up **10.2%** year-over-year, with a fiscal year EPS guidance set between **$21.200 and $21.500**.
• Teledyne has authorized a **$2.0 billion** share repurchase plan, indicating a belief from the board that the stock is **undervalued**, allowing for the purchase of up to **7.7%** of its outstanding shares.

Royal Bank of Canada boosted its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 240,811 shares of the scientific and technical instruments company's stock after acquiring an additional 4,677 shares during the quarter. Royal Bank of Canada owned about 0.51% of Teledyne Technologies worth $119,854,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDY. Tidal Investments LLC increased its position in Teledyne Technologies by 0.4% in the fourth quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company's stock worth $2,556,000 after buying an additional 22 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Teledyne Technologies by 0.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company's stock valued at $3,254,000 after purchasing an additional 23 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Teledyne Technologies by 2.6% during the first quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company's stock valued at $471,000 after purchasing an additional 24 shares during the period. HighPoint Advisor Group LLC increased its holdings in shares of Teledyne Technologies by 3.2% during the first quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company's stock valued at $359,000 after purchasing an additional 24 shares during the period. Finally, Sagespring Wealth Partners LLC increased its holdings in shares of Teledyne Technologies by 3.9% during the first quarter. Sagespring Wealth Partners LLC now owns 663 shares of the scientific and technical instruments company's stock valued at $330,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Price Performance

NYSE:TDY traded up $1.26 during mid-day trading on Friday, reaching $548.26. 266,615 shares of the stock were exchanged, compared to its average volume of 253,595. The business has a fifty day moving average price of $540.96 and a 200 day moving average price of $505.01. The firm has a market capitalization of $25.71 billion, a PE ratio of 30.19, a PEG ratio of 2.55 and a beta of 1.09. Teledyne Technologies Incorporated has a 1-year low of $416.00 and a 1-year 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 released its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, beating 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 quarter last year, the company posted $4.58 EPS. Teledyne Technologies's revenue for the quarter was up 10.2% on a year-over-year basis. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has approved a stock buyback program on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TDY shares. Stifel Nicolaus started coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target on the stock. UBS Group raised their price target on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Morgan Stanley raised their price target on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Teledyne Technologies presently has an average rating of "Moderate Buy" and an average price target of $576.57.

Insider Activity at Teledyne Technologies

In related news, CEO George C. Bobb III sold 6,735 shares of the stock in a transaction 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Simon M. Lorne sold 6,311 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $549.64, for a total value of $3,468,778.04. Following the sale, the director owned 61,913 shares of the company's stock, valued at $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. Insiders sold 15,021 shares of company stock worth $8,315,662 in the last quarter. 1.50% of the stock is owned by company insiders.

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.