Forum Financial Management LP Boosts Stock Position in Teledyne Technologies Incorporated $TDY

Forum Financial Management LP lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 70.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,310 shares of the scientific and technical instruments company’s stock after purchasing an additional 542 shares during the quarter. Forum Financial Management LP’s holdings in Teledyne Technologies were worth $671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC grew its holdings 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 in the last quarter. TCTC Holdings LLC increased its position in Teledyne Technologies by 97.4% during the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 37 shares during the last quarter. AdvisorNet Financial Inc increased its position in Teledyne Technologies by 51.9% during the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 28 shares during the last quarter. WPG Advisers LLC bought a new position in Teledyne Technologies during the first quarter valued at $44,000. Finally, AlphaQuest LLC bought a new position in Teledyne Technologies during the first quarter valued at $57,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Teledyne Technologies

In related news, Director Michael T. Smith sold 1,975 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were 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 directly owned 51,328 shares of the company’s stock, valued at $28,748,812.80. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George C. Bobb III sold 6,735 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 10,391 shares of the company’s stock, valued at approximately $5,771,265.31. This trade represents a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. 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 report on Wednesday, October 15th. Barclays cut their price objective on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a research report on Thursday. Stifel Nicolaus boosted their price objective on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday. Finally, UBS Group boosted their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $606.29.

Teledyne Technologies Stock Down 0.8%

Shares of TDY opened at $532.66 on Friday. The firm has a market capitalization of $24.98 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.48 and a beta of 1.11. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $595.99. The company has a current ratio of 1.79, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $558.72 and a 200-day moving average price of $522.82.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.10 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. Equities research analysts expect 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 buyback program on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in 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 programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.