Ieq Capital LLC Invests $742,000 in Teledyne Technologies Incorporated $TDY

Ieq Capital LLC acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,490 shares of the scientific and technical instruments company’s stock, valued at approximately $742,000.

Other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC bought a new stake in shares of Teledyne Technologies in the first quarter worth $247,000. Asset Management One Co. Ltd. lifted its position in shares of Teledyne Technologies by 4.7% in the first quarter. Asset Management One Co. Ltd. now owns 38,298 shares of the scientific and technical instruments company’s stock worth $19,061,000 after purchasing an additional 1,712 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Teledyne Technologies by 8.3% in the first quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company’s stock worth $4,436,000 after purchasing an additional 681 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Teledyne Technologies in the first quarter worth $6,725,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Teledyne Technologies in the first quarter worth $275,000. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of the company’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total value of $3,740,686.35. Following the transaction, the chief executive officer directly owned 10,391 shares in the company, valued at $5,771,265.31. The trade was a 39.33% 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 hyperlink. Also, Director Michael T. Smith sold 1,975 shares of the company’s stock in a transaction on 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 transaction, the director owned 51,328 shares in the company, valued at approximately $28,748,812.80. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,021 shares of company stock worth $8,315,662 over the last ninety days. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TDY. Wall Street Zen raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. UBS Group upped their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price target on the stock. Finally, Morgan Stanley upped their price target on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Teledyne Technologies presently has an average rating of “Moderate Buy” and an average target price of $576.57.

Teledyne Technologies Stock Performance

NYSE TDY opened at $537.54 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average price is $538.44 and its two-hundred day moving average price is $503.97. Teledyne Technologies Incorporated has a 1 year low of $416.00 and a 1 year high of $570.56. The firm has a market capitalization of $25.21 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the company earned $4.58 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. 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, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its board has approved a stock buyback plan on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.