Whittier Trust Co. Buys 829 Shares of Teledyne Technologies Incorporated $TDY

Whittier Trust Co. grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,807 shares of the scientific and technical instruments company’s stock after buying an additional 829 shares during the quarter. Whittier Trust Co.’s holdings in Teledyne Technologies were worth $17,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC grew its stake in shares of Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 35 shares during the last quarter. TCTC Holdings LLC grew its stake in shares of Teledyne Technologies by 97.4% during the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 37 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Teledyne Technologies by 51.9% during the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock worth $42,000 after purchasing an additional 28 shares during the period. WPG Advisers LLC acquired a new position in shares of Teledyne Technologies during the first quarter worth $44,000. Finally, AlphaQuest LLC acquired a new position in shares of Teledyne Technologies during the first quarter worth $57,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 1.7%

TDY opened at $571.98 on Tuesday. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $595.99. 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 company has a market cap of $26.82 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.11. The company has a fifty day moving average price of $558.69 and a two-hundred day moving average price of $520.95.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share 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 during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $4.58 earnings per share. 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. Analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its board has approved a stock repurchase program on Wednesday, July 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

TDY has been the topic of a number of recent research reports. Barclays initiated coverage on shares of Teledyne Technologies in a report on Wednesday, October 8th. They set an “equal weight” rating and a $606.00 price target on the stock. UBS Group boosted their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 target price on the stock. Morgan Stanley boosted their target price on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $585.25.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies 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 completion of the sale, the chief executive officer directly owned 10,391 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the director directly owned 51,328 shares of the company’s stock, valued at approximately $28,748,812.80. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,021 shares of company stock valued at $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.