UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Stock Position in Teledyne Technologies Incorporated $TDY

Key Points

• UBS Asset Management significantly increased its holdings in Teledyne Technologies by 56.9%, acquiring an additional 232,401 shares, bringing its total to 640,572 shares valued at approximately $318.8 million.
• Teledyne Technologies recently reported a strong financial quarter with an EPS of $5.20, surpassing estimates, and announced a $2 billion stock buyback plan to repurchase up to 7.7% of its shares.
• Analysts have set new price targets for Teledyne, with UBS Group increasing its target to $630, indicating optimism around the stock's future performance.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 56.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 640,572 shares of the scientific and technical instruments company's stock after buying an additional 232,401 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.37% of Teledyne Technologies worth $318,819,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its position in Teledyne Technologies by 205.9% during the 1st quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock worth $26,000 after acquiring an additional 35 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Teledyne Technologies during the first quarter valued at approximately $28,000. TCTC Holdings LLC grew its holdings in shares of Teledyne Technologies by 97.4% in the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 37 shares during the last quarter. City Holding Co. purchased a new position in shares of Teledyne Technologies in the first quarter worth $38,000. Finally, WPG Advisers LLC bought a new stake in Teledyne Technologies during the 1st quarter valued at $44,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Teledyne Technologies

In related news, Director Michael T. Smith sold 1,975 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $560.10, for a total value of $1,106,197.50. Following the sale, the director directly owned 51,328 shares of the company's stock, valued at $28,748,812.80. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 of the company's stock, valued at approximately $5,771,265.31. This trade represents a 39.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,021 shares of company stock worth $8,315,662 over the last ninety days. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDY. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target on the stock. UBS Group increased 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. Finally, Morgan Stanley boosted 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $576.57.

Teledyne Technologies Trading Down 1.8%

Shares of NYSE TDY traded down $10.05 during midday trading on Friday, hitting $556.06. 285,041 shares of the company traded hands, compared to its average volume of 251,944. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $570.56. The firm has a market cap of $26.07 billion, a P/E ratio of 30.62, a P/E/G ratio of 2.63 and a beta of 1.09. The stock has a 50-day moving average price of $544.74 and a 200 day moving average price of $506.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the business posted $4.58 earnings per share. Teledyne Technologies's quarterly revenue 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. As a group, 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 repurchase plan 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 repurchase up to 7.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

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.