Venture Visionary Partners LLC Invests $3.97 Million in Teledyne Technologies Incorporated $TDY

Key Points

• Venture Visionary Partners LLC invested approximately $3.97 million in Teledyne Technologies, acquiring 7,972 shares in the first quarter.
• CEO George C. Bobb III and Director Simon M. Lorne both sold significant portions of their shares, indicating a decrease in insider ownership by 39.33% and 9.25%, respectively.
• Teledyne Technologies has experienced a 10.2% year-over-year revenue increase and reported earnings of $5.20 per share for the last quarter, surpassing analyst expectations.

Venture Visionary Partners LLC acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,972 shares of the scientific and technical instruments company's stock, valued at approximately $3,968,000.

A number of other institutional investors also recently bought and sold shares of TDY. Golden State Wealth Management LLC increased its stake in Teledyne Technologies by 205.9% in the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 35 shares during the period. Quarry LP acquired a new position in Teledyne Technologies in the fourth quarter valued at $28,000. NBC Securities Inc. acquired a new position in Teledyne Technologies in the first quarter valued at $28,000. Ancora Advisors LLC increased its stake in Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 50 shares during the period. Finally, TCTC Holdings LLC increased its stake in 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 valued at $37,000 after purchasing an additional 37 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction dated Wednesday, July 30th. The shares were 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 directly owned 10,391 shares of the company's stock, valued at approximately $5,771,265.31. The trade was a 39.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael T. Smith sold 1,975 shares of the business's stock in a transaction dated 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. In the last 90 days, insiders have sold 15,021 shares of company stock valued at $8,315,662. Company insiders own 1.50% of the company's stock.

Analyst Ratings Changes

TDY has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. TD Securities reiterated a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target on the stock. Needham & Company LLC dropped their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Morgan Stanley boosted 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 note on Thursday, July 17th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Teledyne Technologies has a consensus rating of "Moderate Buy" and an average target price of $576.57.

Teledyne Technologies Trading Up 1.4%

Shares of TDY traded up $7.5850 on Friday, hitting $550.0250. 146,903 shares of the stock traded hands, compared to its average volume of 337,395. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $25.79 billion, a P/E ratio of 30.29, a P/E/G ratio of 2.52 and a beta of 1.07. The stock's 50 day moving average is $531.35 and its two-hundred day moving average is $502.34. Teledyne Technologies Incorporated has a 1 year low of $416.00 and a 1 year high of $570.56.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted 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. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. Teledyne Technologies's revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies announced that its board has approved a share repurchase 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 repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are 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.