Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 565 Shares of Teledyne Technologies Incorporated $TDY

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 27.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,473 shares of the scientific and technical instruments company’s stock after selling 565 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Teledyne Technologies were worth $755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC purchased a new stake in Teledyne Technologies in the first quarter worth about $247,000. Asset Management One Co. Ltd. grew its stake in shares of Teledyne Technologies by 4.7% in the 1st 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 buying an additional 1,712 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Teledyne Technologies by 8.3% in the 1st quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company’s stock worth $4,436,000 after buying an additional 681 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Teledyne Technologies by 9.7% in the first quarter. Integrated Wealth Concepts LLC now owns 2,846 shares of the scientific and technical instruments company’s stock worth $1,416,000 after acquiring an additional 251 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Teledyne Technologies in the first quarter worth $6,725,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies 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 transaction, the director owned 51,328 shares in the company, valued at $28,748,812.80. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies 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 transaction, the director owned 61,913 shares in the company, valued at $34,029,861.32. This trade represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,021 shares of company stock valued at $8,315,662. 1.50% of the stock is owned by insiders.

Teledyne Technologies Stock Performance

TDY stock opened at $587.15 on Friday. The company has a market cap of $27.53 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 2.73 and a beta of 1.11. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $590.09. 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 stock’s fifty day moving average price is $553.33 and its 200-day moving average price is $514.71.

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. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $4.58 earnings per share. 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, equities 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 plan on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TDY shares. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research note on Saturday, September 27th. UBS Group increased their price objective on shares of 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 began coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price target on the stock. Finally, Morgan Stanley increased their target price on Teledyne Technologies from $535.00 to $580.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $576.57.

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.