Swedbank AB Has $8.96 Million Stake in Teledyne Technologies Incorporated $TDY

Swedbank AB boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,496 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,200 shares during the period. Swedbank AB’s holdings in Teledyne Technologies were worth $8,963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Teledyne Technologies by 61,911.9% during the first quarter. GAMMA Investing LLC now owns 496,715 shares of the scientific and technical instruments company’s stock valued at $247,220,000 after buying an additional 495,914 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Teledyne Technologies by 56.9% during 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 buying an additional 232,401 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Teledyne Technologies by 3,319.3% during the first quarter. Pacer Advisors Inc. now owns 181,601 shares of the scientific and technical instruments company’s stock valued at $90,385,000 after buying an additional 176,290 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Teledyne Technologies by 10.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,459,422 shares of the scientific and technical instruments company’s stock valued at $726,369,000 after buying an additional 143,062 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Teledyne Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company’s stock valued at $2,846,053,000 after buying an additional 105,811 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Buying and Selling

In related news, 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 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George C. Bobb III sold 6,735 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the transaction, the chief executive officer directly owned 10,391 shares in the company, valued at approximately $5,771,265.31. The trade was a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,021 shares of company stock valued at $8,315,662 over the last three months. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on TDY shares. Morgan Stanley increased their price target on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. UBS Group increased their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Stifel Nicolaus started coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 price target for the company. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $576.57.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $564.95 on Monday. 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 capitalization of $26.49 billion, a PE ratio of 31.11, a P/E/G ratio of 2.62 and a beta of 1.09. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $570.56. The company has a 50-day moving average price of $548.34 and a two-hundred day moving average price of $508.88.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS 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 company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company earned $4.58 earnings per share. Teledyne Technologies’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. Equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its Board of Directors has authorized a stock buyback program on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

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.