Versor Investments LP Sells 1,001 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• Versor Investments LP reduced its stake in Teledyne Technologies by 55.5% during the first quarter, now holding 801 shares valued at approximately $399,000.
• Teledyne Technologies reported $5.20 EPS for its last quarter, exceeding analyst expectations, and announced a $2 billion stock buyback plan to repurchase up to 7.7% of its outstanding shares.
• 91.58% of Teledyne Technologies' stock is owned by institutional investors, highlighting strong institutional interest in the company.

Versor Investments LP lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 55.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 801 shares of the scientific and technical instruments company's stock after selling 1,001 shares during the quarter. Versor Investments LP's holdings in Teledyne Technologies were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in shares of 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 purchasing an additional 35 shares in the last quarter. Quarry LP bought a new stake in shares of Teledyne Technologies during the fourth quarter valued at approximately $28,000. NBC Securities Inc. bought a new stake in shares of Teledyne Technologies during the first quarter valued at approximately $28,000. Ancora Advisors LLC increased its holdings in shares of Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 50 shares in the last quarter. Finally, TCTC Holdings LLC increased its holdings in shares of Teledyne Technologies by 97.4% during the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock valued at $37,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley boosted their price objective on Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target for the company. Finally, UBS Group upped their target price 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. Six research 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 has a consensus rating of "Moderate Buy" and a consensus price target of $576.57.

Teledyne Technologies Trading Down 1.3%

Shares of Teledyne Technologies stock traded down $7.3250 during trading on Monday, reaching $543.7350. 161,153 shares of the stock were exchanged, compared to its average volume of 326,300. Teledyne Technologies Incorporated has a 1 year low of $416.00 and a 1 year high of $570.56. 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 stock's fifty day moving average is $531.35 and its 200 day moving average is $502.19. The firm has a market cap of $25.50 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 2.56 and a beta of 1.07.

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, equities research analysts expect 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 plan on Wednesday, July 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity at Teledyne Technologies

In related news, Director Simon M. Lorne sold 6,311 shares of the firm'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 transaction of $3,468,778.04. Following the completion of the sale, the director owned 61,913 shares of the company's stock, valued at $34,029,861.32. This trade represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George C. Bobb III sold 6,735 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the sale, the chief executive officer directly owned 10,391 shares of the company's stock, valued at $5,771,265.31. This trade represents a 39.33% decrease in their position. 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 in the last 90 days. Corporate insiders own 1.50% of the company's stock.

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.