Teledyne Technologies Incorporated $TDY Shares Acquired by Aberdeen Group plc

Aberdeen Group plc boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 5.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,155 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,943 shares during the quarter. Aberdeen Group plc’s holdings in Teledyne Technologies were worth $21,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TDY. Golden State Wealth Management LLC boosted its position in 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 purchasing an additional 35 shares during the period. TCTC Holdings LLC boosted its position in 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 purchasing an additional 37 shares during the period. AdvisorNet Financial Inc boosted its position in Teledyne Technologies by 51.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock worth $42,000 after acquiring an additional 28 shares during the period. WPG Advisers LLC acquired a new position in Teledyne Technologies during the 1st quarter worth $44,000. Finally, AlphaQuest LLC acquired a new position in Teledyne Technologies during the 1st quarter worth $57,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TDY shares. UBS Group boosted their price target on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Barclays started coverage on Teledyne Technologies in a research report on Wednesday, October 8th. They set an “equal weight” rating and a $606.00 price target for the company. Stifel Nicolaus started coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on Teledyne Technologies from $535.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $580.25.

Teledyne Technologies Trading Up 0.3%

Shares of Teledyne Technologies stock opened at $568.90 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 2.63 and a beta of 1.11. The business has a fifty day simple moving average of $556.83 and a 200-day simple moving average of $517.95. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $595.99.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data 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. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior 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 EPS for the current fiscal year.

Teledyne Technologies announced that its Board of Directors has initiated a share repurchase program 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 repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,311 shares of the business’s stock in a transaction on 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 sale, the director directly owned 61,913 shares of the company’s stock, valued at $34,029,861.32. The trade was a 9.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael T. Smith sold 1,975 shares of the business’s 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 in the company, valued at $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. 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.