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WCM Investment Management LLC Boosts Holdings in Teledyne Technologies Incorporated $TDY

Teledyne Technologies logo with Aerospace background

Key Points

  • WCM Investment Management LLC has increased its stake in Teledyne Technologies by 12.4%, now holding 4,703 shares valued at approximately $2.4 million.
  • Teledyne Technologies recently posted earnings of $5.20 per share, exceeding expectations, and reported a 10.2% increase in revenue year-over-year.
  • Analysts have set varied price targets for Teledyne Technologies, with recent targets ranging from $606.00 to $630.00, reflecting a generally positive outlook on the stock.
  • Five stocks to consider instead of Teledyne Technologies.

WCM Investment Management LLC boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 12.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,703 shares of the scientific and technical instruments company's stock after acquiring an additional 519 shares during the period. WCM Investment Management LLC's holdings in Teledyne Technologies were worth $2,397,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nvest Financial LLC grew its position in shares of Teledyne Technologies by 1.3% in the 2nd quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company's stock worth $837,000 after buying an additional 21 shares during the last quarter. Mutual Advisors LLC increased its position in shares of Teledyne Technologies by 5.5% in the second quarter. Mutual Advisors LLC now owns 1,357 shares of the scientific and technical instruments company's stock valued at $754,000 after buying an additional 71 shares in the last quarter. Twin Tree Management LP grew its holdings in Teledyne Technologies by 5,476.0% in the 2nd quarter. Twin Tree Management LP now owns 5,576 shares of the scientific and technical instruments company's stock valued at $2,857,000 after buying an additional 5,476 shares during the period. Axxcess Wealth Management LLC lifted its position in Teledyne Technologies by 8.3% during the 2nd quarter. Axxcess Wealth Management LLC now owns 744 shares of the scientific and technical instruments company's stock worth $381,000 after acquiring an additional 57 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in shares of Teledyne Technologies during the 2nd quarter valued at approximately $3,146,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TDY. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. 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 note on Thursday, July 24th. Stifel Nicolaus began coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price objective on the stock. Barclays began coverage on Teledyne Technologies in a research note on Wednesday, October 8th. They set an "equal weight" rating and a $606.00 price target for the company. Finally, Morgan Stanley raised their price target on Teledyne Technologies from $580.00 to $620.00 and gave the company an "equal weight" rating in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $585.25.

Get Our Latest Research Report on Teledyne Technologies

Insider Buying and Selling

In other news, Director Michael T. Smith sold 1,975 shares of the 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 sale, the director owned 51,328 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Also, 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 value of $3,468,778.04. Following the completion of the transaction, the director owned 61,913 shares in the company, valued at $34,029,861.32. This represents a 9.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,021 shares of company stock worth $8,315,662 over the last three months. 1.50% of the stock is currently owned by company insiders.

Teledyne Technologies Trading Down 0.6%

Shares of Teledyne Technologies stock opened at $561.78 on Friday. 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 1 year low of $419.00 and a 1 year high of $595.99. The company's fifty day moving average is $557.77 and its two-hundred day moving average is $519.10. The company has a market capitalization of $26.34 billion, a P/E ratio of 30.94, a PEG ratio of 2.62 and a beta of 1.11.

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 (EPS) for the quarter, beating 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 firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the prior year, the company posted $4.58 earnings per share. The firm's quarterly revenue was up 10.2% on a year-over-year basis. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies declared that its board has initiated a stock repurchase plan on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

About Teledyne Technologies

(Free Report)

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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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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