Whittier Trust Co. of Nevada Inc. Raises Stock Position in Teledyne Technologies Incorporated $TDY

Key Points

• Whittier Trust Co. of Nevada Inc. raised its holdings in Teledyne Technologies by 3.3%, owning 16,096 shares valued at approximately $8.25 million at the end of the recent quarter.
• Teledyne Technologies recently reported quarterly earnings of $5.20 per share, exceeding analyst estimates and achieving a revenue of $1.51 billion, reflecting a 10.2% year-over-year growth.
• The company has approved a stock repurchase program totaling $2 billion, allowing for the buyback of up to 7.7% of its outstanding shares, indicating confidence in the stock's value.

Whittier Trust Co. of Nevada Inc. increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,096 shares of the scientific and technical instruments company's stock after acquiring an additional 513 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Teledyne Technologies were worth $8,246,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Teledyne Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company's stock valued at $2,846,053,000 after acquiring an additional 105,811 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Teledyne Technologies by 10.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company's stock valued at $726,369,000 after acquiring an additional 143,062 shares during the period. JPMorgan Chase & Co. increased its holdings 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 valued at $548,872,000 after acquiring an additional 73,009 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Teledyne Technologies by 56.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company's stock valued at $318,819,000 after acquiring an additional 232,401 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Teledyne Technologies by 0.5% in the 1st quarter. Northern Trust Corp now owns 539,364 shares of the scientific and technical instruments company's stock valued at $268,447,000 after acquiring an additional 2,490 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Teledyne Technologies

In other news, CEO George C. Bobb III sold 6,735 shares of the company's stock in a transaction 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 transaction, the chief executive officer directly owned 10,391 shares of the company's stock, valued at $5,771,265.31. This represents a 39.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Simon M. Lorne sold 6,311 shares of the company's stock in a transaction 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 directly owned 61,913 shares in the company, valued at approximately $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 have sold a total of 15,021 shares of company stock valued at $8,315,662 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $571.98 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $595.99. The stock has a market cap of $26.82 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.11. The firm's fifty day simple moving average is $558.69 and its 200-day simple moving average is $520.95.

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 for the quarter, topping 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 business 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 EPS. The business's revenue for the quarter 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 expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies announced that its board has approved a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

TDY has been the topic of a number of recent research reports. UBS Group lifted their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a research note on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price objective on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 15th. Finally, Barclays started coverage on shares of Teledyne Technologies in a research note on Wednesday, October 8th. They issued an "equal weight" rating and a $606.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $585.25.

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.

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