Teledyne Technologies Incorporated $TDY Stake Lowered by Stephens Inc. AR

Stephens Inc. AR reduced its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 5.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 549 shares of the scientific and technical instruments company’s stock after selling 33 shares during the period. Stephens Inc. AR’s holdings in Teledyne Technologies were worth $281,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Teledyne Technologies by 1.9% during 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Teledyne Technologies by 10.9% during 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Teledyne Technologies by 7.1% during 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Teledyne Technologies by 56.9% during 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 in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Teledyne Technologies by 0.5% during 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 in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TDY has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a report on Thursday. Barclays decreased their price objective on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a report on Thursday. UBS Group upped their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Morgan Stanley upped their price objective on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $606.29.

Teledyne Technologies Stock Down 0.8%

Teledyne Technologies stock opened at $532.66 on Monday. The firm has a market cap of $24.98 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 2.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.79 and a quick ratio of 1.20. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $595.99. The firm has a fifty day moving average price of $558.72 and a two-hundred day moving average price of $523.82.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 22nd. 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. 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 quarter in the previous year, the business earned $5.10 EPS. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. As a group, analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies declared that its board has authorized a share buyback program on Wednesday, July 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to buy 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 shares are undervalued.

Insiders Place Their Bets

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of the business’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 completion of the transaction, the chief executive officer owned 10,391 shares of the company’s stock, valued at $5,771,265.31. The trade was a 39.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.