Teledyne Technologies (NYSE:TDY) Announces Quarterly Earnings Results

Key Points

• Teledyne Technologies reported a quarterly earnings per share (EPS) of $5.57, exceeding analysts' expectations of $5.47, with revenues up 6.7% year-over-year.
• The company has updated its full-year 2025 EPS guidance to a range of $21.450-$21.600 and its Q4 2025 EPS guidance to $5.730-$5.880.
• Teledyne Technologies' Board of Directors has approved a $2 billion stock buyback program, indicating confidence in the company's stock valuation.

Teledyne Technologies (NYSE:TDY - Get Free Report) released its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, topping analysts' consensus estimates of $5.47 by $0.10, Zacks reports. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. During the same period last year, the company earned $5.10 EPS. Teledyne Technologies's revenue for the quarter was up 6.7% compared to the same quarter last year. Teledyne Technologies updated its FY 2025 guidance to 21.450-21.600 EPS and its Q4 2025 guidance to 5.730-5.880 EPS.

Teledyne Technologies Trading Up 0.5%

Shares of NYSE:TDY opened at $574.86 on Wednesday. The business's 50 day moving average price is $559.13 and its 200-day moving average price is $521.33. Teledyne Technologies has a 1 year low of $419.00 and a 1 year high of $595.99. The firm has a market capitalization of $26.95 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 2.65 and a beta of 1.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07.

Analyst Ratings Changes

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

Teledyne Technologies declared that its Board of Directors has authorized a stock buyback program on Wednesday, July 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Michael T. Smith sold 1,975 shares of the business's 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 completion of the sale, the director owned 51,328 shares of the company's stock, valued at $28,748,812.80. The trade was 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 available at this link. Also, Director Simon M. Lorne sold 6,311 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following the completion of the transaction, the director directly owned 61,913 shares in the company, valued at $34,029,861.32. This represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,021 shares of company stock worth $8,315,662. Company insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Teledyne Technologies

A number of hedge funds have recently made changes to their positions in the company. Cresset Asset Management LLC lifted its position in shares of Teledyne Technologies by 2.5% in the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company's stock valued at $425,000 after acquiring an additional 20 shares in the last quarter. Snowden Capital Advisors LLC raised its stake in Teledyne Technologies by 2.1% in the 2nd quarter. Snowden Capital Advisors LLC now owns 1,099 shares of the scientific and technical instruments company's stock valued at $563,000 after purchasing an additional 23 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in Teledyne Technologies by 4.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 597 shares of the scientific and technical instruments company's stock valued at $330,000 after purchasing an additional 26 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Teledyne Technologies by 27.7% during the 2nd quarter. NewEdge Advisors LLC now owns 166 shares of the scientific and technical instruments company's stock worth $85,000 after purchasing an additional 36 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in Teledyne Technologies by 19.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 621 shares of the scientific and technical instruments company's stock worth $318,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

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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