Teledyne Technologies Incorporated $TDY Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,475 shares of the scientific and technical instruments company’s stock after buying an additional 5,284 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.30% of Teledyne Technologies worth $70,942,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TDY. GAMMA Investing LLC increased its position in Teledyne Technologies by 24.6% during the first quarter. GAMMA Investing LLC now owns 998 shares of the scientific and technical instruments company’s stock worth $497,000 after buying an additional 197 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Teledyne Technologies by 11.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,040 shares of the scientific and technical instruments company’s stock worth $1,015,000 after buying an additional 205 shares in the last quarter. Golden State Wealth Management LLC increased its position in Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 35 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Teledyne Technologies during the first quarter worth $7,337,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of Teledyne Technologies by 2.6% in the first quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company’s stock valued at $471,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley lifted their price objective on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday. Barclays lowered their price target on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a research report on Thursday. UBS Group boosted their price target on Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Stifel Nicolaus boosted their price target on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $606.29.

Teledyne Technologies Trading Down 0.8%

Shares of NYSE TDY opened at $532.66 on Monday. The stock’s 50 day moving average price is $558.72 and its two-hundred day moving average price is $523.82. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $595.99. The stock has a market capitalization of $24.98 billion, a P/E ratio of 30.84, a PEG ratio of 2.46 and a beta of 1.11. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.10. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the firm posted $5.10 earnings per share. Teledyne Technologies’s revenue for the quarter was up 6.7% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. On average, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies announced that its board has authorized a share repurchase program on Wednesday, July 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the scientific and technical instruments company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Teledyne Technologies

In other news, CEO George C. Bobb III sold 6,735 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 10,391 shares of the company’s stock, valued at approximately $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

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.