Voya Investment Management LLC Purchases 5,994 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• Voya Investment Management LLC increased its stake in Teledyne Technologies by 19.3%, acquiring an additional 5,994 shares, bringing its total ownership to 37,079 shares valued at approximately $18.5 million.
• Teledyne Technologies reported $5.20 earnings per share for the last quarter, exceeding analysts' expectations of $5.05, and announced a $2 billion share repurchase plan.
• Analysts have shown optimism about Teledyne, with multiple firms raising their price targets, including UBS increasing it from $585 to $630, and giving the stock a "buy" rating.

Voya Investment Management LLC boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 19.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,079 shares of the scientific and technical instruments company's stock after acquiring an additional 5,994 shares during the quarter. Voya Investment Management LLC owned 0.08% of Teledyne Technologies worth $18,455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new stake in shares of Teledyne Technologies during the 1st quarter worth about $247,000. Asset Management One Co. Ltd. lifted its stake in shares of Teledyne Technologies by 4.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 38,298 shares of the scientific and technical instruments company's stock worth $19,061,000 after buying an additional 1,712 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Teledyne Technologies by 8.3% during the 1st quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company's stock worth $4,436,000 after buying an additional 681 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Teledyne Technologies by 9.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,846 shares of the scientific and technical instruments company's stock worth $1,416,000 after buying an additional 251 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Teledyne Technologies during the 1st quarter worth about $6,725,000. 91.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the 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 sale, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. This represents a 3.71% decrease in their ownership of the stock. The sale 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 $5,771,265.31. The trade was a 39.33% decrease in their ownership of the stock. 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. Corporate insiders own 1.50% of the company's stock.

Teledyne Technologies Price Performance

NYSE:TDY opened at $556.06 on Monday. The firm has a market cap of $26.07 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 2.58 and a beta of 1.09. 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 Incorporated has a 52 week low of $419.00 and a 52 week high of $570.56. The firm's 50-day simple moving average is $544.74 and its 200 day simple moving average is $506.91.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. The firm 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%. The business's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the company 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 authorized a share repurchase plan on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their target price 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. UBS Group raised their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, 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 on the stock. Six 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

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.

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