Signature Estate & Investment Advisors LLC Grows Position in Teledyne Technologies Incorporated $TDY

Signature Estate & Investment Advisors LLC grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 257.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,275 shares of the scientific and technical instruments company’s stock after buying an additional 13,156 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Teledyne Technologies were worth $9,096,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in shares of Teledyne Technologies by 53.3% in the first quarter. Goldman Sachs Group Inc. now owns 259,753 shares of the scientific and technical instruments company’s stock valued at $129,282,000 after purchasing an additional 90,302 shares during the period. Jones Financial Companies Lllp boosted its stake in Teledyne Technologies by 874.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock valued at $970,000 after acquiring an additional 1,749 shares during the last quarter. Teza Capital Management LLC bought a new position in Teledyne Technologies during the 1st quarter valued at $201,000. Sandler Capital Management bought a new position in Teledyne Technologies during the 1st quarter valued at $4,013,000. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in shares of Teledyne Technologies by 24.9% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 53,765 shares of the scientific and technical instruments company’s stock worth $26,759,000 after purchasing an additional 10,714 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Performance

Shares of TDY opened at $548.26 on Monday. The firm has a 50-day moving average price of $540.96 and a 200 day moving average price of $505.04. The firm has a market capitalization of $25.71 billion, a PE ratio of 30.19, a P/E/G ratio of 2.55 and a beta of 1.09. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. Teledyne Technologies Incorporated has a 52-week low of $416.00 and a 52-week high of $570.56.

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, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm posted $4.58 EPS. Teledyne Technologies’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. On average, sell-side 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 approved a stock repurchase program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group increased their target price 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. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $576.57.

Insider Activity

In other news, CEO George C. Bobb III sold 6,735 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $5,771,265.31. This trade represents a 39.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Simon M. Lorne sold 6,311 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following the completion of the transaction, the director owned 61,913 shares of the company’s stock, valued at approximately $34,029,861.32. The trade was a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,021 shares of company stock worth $8,315,662. Corporate 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.