Teledyne Technologies Incorporated $TDY Shares Bought by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Teledyne Technologies by 85.6% in the first quarter, holding shares worth approximately $9.03 million at the end of the reporting period.
• Teledyne Technologies reported earnings of $5.20 per share for the previous quarter, exceeding analysts' estimates, with a quarterly revenue of $1.51 billion.
• The company announced a $2.00 billion share buyback program, allowing it to repurchase up to 7.7% of outstanding shares, indicating confidence in its stock value.

Vestmark Advisory Solutions Inc. grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 85.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,149 shares of the scientific and technical instruments company's stock after purchasing an additional 8,369 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Teledyne Technologies were worth $9,033,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Teledyne Technologies by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company's stock worth $2,846,053,000 after purchasing an additional 105,811 shares during the period. Janus Henderson Group PLC raised its position in shares of Teledyne Technologies by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,723,082 shares of the scientific and technical instruments company's stock worth $799,734,000 after buying an additional 13,607 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Teledyne Technologies by 1.6% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,316,360 shares of the scientific and technical instruments company's stock worth $610,962,000 after buying an additional 20,165 shares during the period. JPMorgan Chase & Co. raised its position in shares of Teledyne Technologies by 7.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,102,795 shares of the scientific and technical instruments company's stock worth $548,872,000 after buying an additional 73,009 shares during the period. Finally, Northern Trust Corp raised its position in shares of Teledyne Technologies by 16.6% in the 4th quarter. Northern Trust Corp now owns 536,874 shares of the scientific and technical instruments company's stock worth $249,180,000 after buying an additional 76,552 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Up 0.6%

Shares of Teledyne Technologies stock traded up $3.0910 during trading hours on Tuesday, hitting $539.6810. 51,936 shares of the company's stock traded hands, compared to its average volume of 328,276. The stock has a 50 day simple moving average of $527.45 and a 200-day simple moving average of $501.30. 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 company has a market cap of $25.31 billion, a PE ratio of 29.67, a PEG ratio of 2.50 and a beta of 1.07. Teledyne Technologies Incorporated has a twelve month low of $415.02 and a twelve month high of $570.56.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The company's revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $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 research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has approved a share buyback plan on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In related news, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction dated 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 completion of the transaction, the director directly owned 51,328 shares in the company, valued at approximately $28,748,812.80. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $549.64, for a total value of $3,468,778.04. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 15,021 shares of company stock worth $8,315,662 over the last ninety days. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TDY shares. TD Securities reaffirmed a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. UBS Group increased their target price on Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Needham & Company LLC cut their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus started coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price on the stock. Finally, Morgan Stanley increased their target price 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. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $576.57.

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.