Korea Investment CORP Boosts Stake in Teledyne Technologies Incorporated $TDY

Korea Investment CORP raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 24.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 42,873 shares of the scientific and technical instruments company’s stock after acquiring an additional 8,493 shares during the period. Korea Investment CORP’s holdings in Teledyne Technologies were worth $21,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TDY. Tidal Investments LLC boosted its holdings in Teledyne Technologies by 0.4% during the 4th quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company’s stock valued at $2,556,000 after acquiring an additional 22 shares during the period. Keel Point LLC boosted its holdings in Teledyne Technologies by 4.5% during the 4th quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company’s stock valued at $247,000 after acquiring an additional 23 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Teledyne Technologies by 0.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company’s stock valued at $3,254,000 after acquiring an additional 23 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Teledyne Technologies by 2.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company’s stock valued at $471,000 after acquiring an additional 24 shares during the period. Finally, HighPoint Advisor Group LLC boosted its holdings in Teledyne Technologies by 3.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company’s stock valued at $359,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 0.2%

Shares of NYSE:TDY opened at $542.0630 on Thursday. Teledyne Technologies Incorporated has a 52-week low of $415.78 and a 52-week high of $570.56. The firm has a market capitalization of $25.42 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.52 and a beta of 1.07. The stock has a 50 day moving average price of $529.16 and a 200-day moving average price of $501.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the company earned $4.58 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. As a group, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its Board of Directors has approved a stock repurchase plan on Wednesday, July 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Teledyne Technologies

In related news, CEO George C. Bobb III sold 6,735 shares of the firm’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 owned 10,391 shares of the company’s stock, valued at $5,771,265.31. This trade represents a 39.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Simon M. Lorne sold 6,311 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $549.64, for a total value of $3,468,778.04. Following the sale, the director owned 61,913 shares in the company, valued at approximately $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. Insiders sold a total of 15,021 shares of company stock valued at $8,315,662 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TDY. Wall Street Zen upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. TD Securities reaffirmed a “buy” rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. UBS Group upped 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. Needham & Company LLC lowered their price target on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Morgan Stanley upped their price target on Teledyne Technologies from $535.00 to $580.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $576.57.

Teledyne Technologies 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.