Teledyne Technologies Incorporated $TDY Shares Sold by CW Advisors LLC

Key Points

• CW Advisors LLC has decreased its holdings in Teledyne Technologies by 14.0%, selling 4,043 shares, and now owns 24,913 shares valued at approximately $12.4 million.
• Teledyne Technologies reported a Q2 EPS of $5.20, surpassing expectations, with a revenue of $1.51 billion, up 10.2% year-over-year, and announced a $2 billion share buyback program.
• Insider trading activity includes CEO George C. Bobb III selling 6,735 shares, representing a 39.33% reduction in his holdings, which raises questions about insider sentiment going forward.

CW Advisors LLC trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 14.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,913 shares of the scientific and technical instruments company's stock after selling 4,043 shares during the quarter. CW Advisors LLC owned 0.05% of Teledyne Technologies worth $12,401,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Martingale Asset Management L P raised its holdings in shares of Teledyne Technologies by 3.0% during the 1st quarter. Martingale Asset Management L P now owns 6,351 shares of the scientific and technical instruments company's stock valued at $3,161,000 after buying an additional 182 shares during the period. Tribune Investment Group LP purchased a new stake in shares of Teledyne Technologies during the 1st quarter valued at about $5,475,000. Candriam S.C.A. raised its holdings in shares of Teledyne Technologies by 18.9% during the 1st quarter. Candriam S.C.A. now owns 3,662 shares of the scientific and technical instruments company's stock valued at $1,823,000 after buying an additional 581 shares during the period. Banco BTG Pactual S.A. purchased a new stake in shares of Teledyne Technologies during the 1st quarter valued at about $402,000. Finally, Venture Visionary Partners LLC purchased a new stake in shares of Teledyne Technologies during the 1st quarter valued at about $3,968,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Performance

Shares of TDY traded up $3.58 during mid-day trading on Tuesday, hitting $544.71. The stock had a trading volume of 232,246 shares, compared to its average volume of 325,550. The company has a market cap of $25.54 billion, a PE ratio of 30.00, a PEG ratio of 2.56 and a beta of 1.07. The company's fifty day simple moving average is $532.41 and its two-hundred day simple moving average is $502.40. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. Teledyne Technologies Incorporated has a fifty-two week low of $416.00 and a fifty-two week high of $570.56.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data 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. 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 in the previous year, the firm 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 analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies declared that its Board of Directors has initiated a share buyback program on Wednesday, July 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.

Insider Activity at Teledyne Technologies

In related news, CEO George C. Bobb III sold 6,735 shares of the business'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 transaction, the chief executive officer owned 10,391 shares in the company, valued at $5,771,265.31. The trade was a 39.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Simon M. Lorne sold 6,311 shares of the business'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 transaction, the director owned 61,913 shares of the company's stock, valued at $34,029,861.32. This represents a 9.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,021 shares of company stock worth $8,315,662 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TDY shares. Morgan Stanley raised their target price on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. UBS Group raised their target price on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Stifel Nicolaus initiated coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 price objective for the company. Finally, Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

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.