United Services Automobile Association Takes Position in Teledyne Technologies Incorporated $TDY

United Services Automobile Association bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 1,025 shares of the scientific and technical instruments company’s stock, valued at approximately $508,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TDY. Golden State Wealth Management LLC boosted its stake in shares of Teledyne Technologies by 205.9% during the 1st quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 35 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Teledyne Technologies during the 1st quarter valued at approximately $28,000. TCTC Holdings LLC boosted its stake in shares of Teledyne Technologies by 97.4% during the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock valued at $37,000 after buying an additional 37 shares during the last quarter. City Holding Co. purchased a new position in shares of Teledyne Technologies during the 1st quarter valued at approximately $38,000. Finally, WPG Advisers LLC purchased a new position in shares of Teledyne Technologies during the 1st quarter valued at approximately $44,000. 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 reports. 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. Stifel Nicolaus initiated coverage on 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 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $576.57.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $545.56 on Thursday. Teledyne Technologies Incorporated has a 1-year low of $416.00 and a 1-year high of $570.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07. The business’s fifty day moving average price is $543.02 and its two-hundred day moving average price is $505.97. The firm has a market capitalization of $25.58 billion, a PE ratio of 30.04, a P/E/G ratio of 2.53 and a beta of 1.09.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share 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 for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company earned $4.58 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its Board of Directors has approved a share 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 purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $560.10, for a total value of $1,106,197.50. Following the sale, the director directly owned 51,328 shares of the company’s stock, valued at $28,748,812.80. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George C. Bobb III sold 6,735 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total value of $3,740,686.35. Following the completion of the sale, the chief executive officer directly owned 10,391 shares in the company, valued at $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,021 shares of company stock valued at $8,315,662 over the last three months. Company insiders own 1.50% of the company’s stock.

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.