Signature Estate & Investment Advisors LLC Acquires 13,156 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• Signature Estate & Investment Advisors LLC increased its holdings in Teledyne Technologies by 257% in the first quarter, owning 18,275 shares valued at approximately $9.1 million.
• Teledyne Technologies reported a quarterly EPS of $5.20, exceeding estimates and showing a 10.2% increase in revenue year-over-year.
• The company announced a share repurchase plan authorizing the repurchase of up to $2.00 billion in shares, indicating a belief that its stock is undervalued.

Signature Estate & Investment Advisors LLC lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 257.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,275 shares of the scientific and technical instruments company's stock after purchasing an additional 13,156 shares during the period. Signature Estate & Investment Advisors LLC's holdings in Teledyne Technologies were worth $9,096,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TDY. Baird Financial Group Inc. increased its stake in shares of Teledyne Technologies by 3.0% during the 4th quarter. Baird Financial Group Inc. now owns 1,252 shares of the scientific and technical instruments company's stock worth $581,000 after purchasing an additional 37 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Teledyne Technologies by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 9,217 shares of the scientific and technical instruments company's stock worth $4,278,000 after purchasing an additional 211 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of Teledyne Technologies during the 4th quarter worth about $53,000. Deutsche Bank AG increased its stake in shares of Teledyne Technologies by 6.9% during the 4th quarter. Deutsche Bank AG now owns 173,646 shares of the scientific and technical instruments company's stock worth $80,594,000 after purchasing an additional 11,217 shares during the last quarter. Finally, Ethic Inc. boosted its holdings in shares of Teledyne Technologies by 35.4% during the 4th quarter. Ethic Inc. now owns 4,223 shares of the scientific and technical instruments company's stock worth $1,960,000 after buying an additional 1,103 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley lifted 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. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 target price for the company. Finally, UBS Group lifted their target price 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $576.57.

Teledyne Technologies Stock Performance

NYSE TDY traded up $0.80 during trading on Wednesday, reaching $545.56. The company's stock had a trading volume of 221,584 shares, compared to its average volume of 250,018. The firm has a 50 day moving average price of $543.02 and a 200 day moving average price of $505.97. Teledyne Technologies Incorporated has a 12 month low of $416.00 and a 12 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. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 2.53 and a beta of 1.09.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm posted $4.58 EPS. The firm's quarterly revenue 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. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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

Insider Transactions at Teledyne Technologies

In other news, CEO George C. Bobb III sold 6,735 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 10,391 shares of the company's stock, valued at approximately $5,771,265.31. This represents a 39.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Simon M. Lorne sold 6,311 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following the completion of 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 15,021 shares of company stock valued at $8,315,662. Company insiders own 1.50% of the company's stock.

About Teledyne Technologies

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.