Tribune Investment Group LP Makes New Investment in Teledyne Technologies Incorporated $TDY

Key Points

• Tribune Investment Group LP acquired 11,000 shares of Teledyne Technologies, valued at approximately $5.48 million, making it 2.4% of their portfolio.
• Teledyne Technologies reported a quarterly earnings per share (EPS) of $5.20, exceeding analysts' expectations of $5.05, along with a revenue of $1.51 billion, up 10.2% year-over-year.
• The company announced a share buyback plan of $2.00 billion to repurchase up to 7.7% of its outstanding shares, signaling management's belief that the stock is undervalued.

Tribune Investment Group LP acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,000 shares of the scientific and technical instruments company's stock, valued at approximately $5,475,000. Teledyne Technologies makes up 2.4% of Tribune Investment Group LP's holdings, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC grew its holdings in Teledyne Technologies by 0.4% in the 4th quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company's stock valued at $2,556,000 after buying an additional 22 shares in the last quarter. Keel Point LLC grew its holdings in Teledyne Technologies by 4.5% in the 4th quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock valued at $247,000 after buying an additional 23 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Teledyne Technologies by 0.4% in the 1st 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 buying an additional 23 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Teledyne Technologies by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company's stock valued at $471,000 after buying an additional 24 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in Teledyne Technologies by 3.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company's stock valued at $359,000 after buying an additional 24 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Up 1.4%

TDY traded up $7.5850 during mid-day trading on Friday, hitting $550.0250. 146,903 shares of the stock were exchanged, compared to its average volume of 337,395. The firm's fifty day moving average is $531.35 and its two-hundred day moving average is $502.25. 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. The company has a market cap of $25.79 billion, a PE ratio of 30.29, a PEG ratio of 2.56 and a beta of 1.07.

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

Teledyne Technologies announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Michael T. Smith sold 1,975 shares of the stock in a transaction dated 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 transaction, the director owned 51,328 shares of the company's stock, valued at approximately $28,748,812.80. This represents a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George C. Bobb III sold 6,735 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 10,391 shares in the company, valued at approximately $5,771,265.31. The trade was a 39.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,021 shares of company stock valued at $8,315,662. Corporate insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. UBS Group upped their price target on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Morgan Stanley upped their price target on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus assumed coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target on the stock. Six 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $576.57.

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.