Ballentine Partners LLC Purchases 29 Shares of Teledyne Technologies Incorporated $TDY

Ballentine Partners LLC grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 508 shares of the scientific and technical instruments company’s stock after buying an additional 29 shares during the quarter. Ballentine Partners LLC’s holdings in Teledyne Technologies were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TDY. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 worth $318,819,000 after buying an additional 232,401 shares during the last quarter. Pacer Advisors Inc. grew its stake in 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 worth $90,385,000 after buying an additional 176,290 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in 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 worth $726,369,000 after buying an additional 143,062 shares during the last quarter. Vanguard Group Inc. grew its stake in 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 worth $2,846,053,000 after buying an additional 105,811 shares during the last quarter. Finally, Greenhouse Funds LLLP bought a new stake in Teledyne Technologies during the first quarter worth about $48,532,000. 91.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael T. Smith sold 1,975 shares of the firm’s 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 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Simon M. Lorne sold 6,311 shares of the firm’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 owned 61,913 shares in the company, 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. Over the last three months, insiders have sold 15,021 shares of company stock worth $8,315,662. Company insiders own 1.50% of the company’s stock.

Teledyne Technologies Trading Up 0.5%

TDY opened at $579.83 on Tuesday. The firm’s fifty day moving average is $550.91 and its two-hundred day moving average is $512.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66. The firm has a market cap of $27.19 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $585.96.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the business 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. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its Board of Directors has approved 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 purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

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

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.