Teledyne Technologies Incorporated $TDY Stock Holdings Raised by Defender Capital LLC.

Key Points

• Defender Capital LLC. increased its holdings in Teledyne Technologies by 5.7%, owning 34,536 shares valued at approximately $17.69 million, making it the 6th largest position in their portfolio.
• Several institutional investors, including UBS AM and Pacer Advisors Inc., have significantly boosted their investments in Teledyne, with Pacer Advisors increasing its position by a remarkable 3,319.3%.
• Teledyne Technologies recently reported earnings of $5.20 per share, exceeding analysts' expectations, and announced a $2.00 billion stock buyback plan, indicating confidence in its current valuation.

Defender Capital LLC. grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,536 shares of the scientific and technical instruments company's stock after buying an additional 1,875 shares during the quarter. Teledyne Technologies accounts for 6.0% of Defender Capital LLC.'s portfolio, making the stock its 6th largest position. Defender Capital LLC. owned about 0.07% of Teledyne Technologies worth $17,693,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TDY. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Teledyne Technologies by 56.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company's stock valued at $318,819,000 after buying an additional 232,401 shares during the last quarter. Pacer Advisors Inc. lifted its position in Teledyne Technologies by 3,319.3% during the first quarter. Pacer Advisors Inc. now owns 181,601 shares of the scientific and technical instruments company's stock valued at $90,385,000 after purchasing an additional 176,290 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in Teledyne Technologies by 10.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company's stock valued at $726,369,000 after purchasing an additional 143,062 shares during the period. Vanguard Group Inc. lifted its position in Teledyne Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company's stock valued at $2,846,053,000 after purchasing an additional 105,811 shares during the period. Finally, Greenhouse Funds LLLP bought a new position in Teledyne Technologies during the first quarter valued at approximately $48,532,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Stifel Nicolaus began coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price objective on the stock. UBS Group increased their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Barclays began coverage on shares of Teledyne Technologies in a research report on Wednesday, October 8th. They issued an "equal weight" rating and a $606.00 price target on the stock. Finally, Morgan Stanley increased their price target on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $580.25.

Insider Transactions at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,311 shares of the stock in a transaction 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 completion of the sale, the director directly owned 61,913 shares of the company's stock, valued at $34,029,861.32. This represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael T. Smith sold 1,975 shares of the firm'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 transaction, the director directly owned 51,328 shares of the company's stock, valued at $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,021 shares of company stock valued at $8,315,662 over the last three months. Corporate insiders own 1.50% of the company's stock.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $568.90 on Tuesday. The firm has a fifty day moving average price of $556.83 and a 200-day moving average price of $517.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07. The stock has a market cap of $26.68 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 2.63 and a beta of 1.11. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced 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. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company 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 analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its board has authorized a stock buyback plan on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

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.

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