Czech National Bank Raises Holdings in Teledyne Technologies Incorporated $TDY

Czech National Bank increased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,454 shares of the scientific and technical instruments company’s stock after buying an additional 751 shares during the quarter. Czech National Bank’s holdings in Teledyne Technologies were worth $5,868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Teledyne Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company’s stock worth $2,846,053,000 after buying an additional 105,811 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Teledyne Technologies by 10.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company’s stock worth $726,369,000 after buying an additional 143,062 shares during the period. JPMorgan Chase & Co. raised its position in shares of Teledyne Technologies by 7.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,102,795 shares of the scientific and technical instruments company’s stock worth $548,872,000 after buying an additional 73,009 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Teledyne Technologies by 56.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company’s stock valued at $318,819,000 after purchasing an additional 232,401 shares during the period. Finally, Northern Trust Corp raised its position in Teledyne Technologies by 0.5% in the first quarter. Northern Trust Corp now owns 539,364 shares of the scientific and technical instruments company’s stock valued at $268,447,000 after purchasing an additional 2,490 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Up 2.1%

NYSE:TDY opened at $562.58 on Friday. The company has a market capitalization of $26.38 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 2.56 and a beta of 1.09. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $570.56. The stock has a 50-day simple moving average of $547.65 and a 200 day simple moving average of $508.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $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. Sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has approved a share buyback plan on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction that occurred 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 completion of the transaction, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies stock in a transaction that occurred 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 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. Insiders sold a total of 15,021 shares of company stock worth $8,315,662 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Morgan Stanley raised their price objective 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. Stifel Nicolaus assumed coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 price objective on the stock. Finally, UBS Group raised their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average 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.