Vident Advisory LLC Acquires 586 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• Vident Advisory LLC has increased its stake in Teledyne Technologies by 61.3%, raising its holdings to 1,542 shares valued at approximately $767,000.
• Teledyne Technologies reported a quarterly earnings per share (EPS) of $5.20, exceeding analysts' estimates by $0.15, and has set its FY 2025 guidance at 21.200-21.50 EPS.
• The company has approved a $2.00 billion share buyback plan, indicating confidence from the Board of Directors in the company’s stock being undervalued.

Vident Advisory LLC raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 61.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,542 shares of the scientific and technical instruments company's stock after acquiring an additional 586 shares during the quarter. Vident Advisory LLC's holdings in Teledyne Technologies were worth $767,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Golden State Wealth Management LLC lifted its stake in shares of 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. NBC Securities Inc. acquired a new stake in shares of Teledyne Technologies during the 1st quarter valued at approximately $28,000. TCTC Holdings LLC boosted its stake in shares of Teledyne Technologies by 97.4% during the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 37 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after acquiring an additional 50 shares during the period. Finally, City Holding Co. purchased a new position in Teledyne Technologies in the 1st quarter valued at approximately $38,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 0.1%

Shares of NYSE TDY traded up $0.80 on Wednesday, reaching $545.56. 221,584 shares of the company traded hands, compared to its average volume of 250,018. 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 stock has a market capitalization of $25.58 billion, a PE ratio of 30.04, a P/E/G ratio of 2.53 and a beta of 1.09. Teledyne Technologies Incorporated has a fifty-two week low of $416.00 and a fifty-two week high of $570.56. The company has a 50 day moving average of $543.02 and a 200 day moving average of $505.97.

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

Teledyne Technologies declared that its board has authorized 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 buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group raised their price target on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Stifel Nicolaus began coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 target price for the company. Finally, Morgan Stanley upped their price target on shares of Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $576.57.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,311 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $3,740,686.35. Following the sale, the chief executive officer owned 10,391 shares in the company, 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. In the last 90 days, insiders sold 15,021 shares of company stock valued at $8,315,662. Insiders own 1.50% of the company's stock.

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.