Farther Finance Advisors LLC Purchases 129 Shares of Teledyne Technologies Incorporated $TDY

Farther Finance Advisors LLC grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 27.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 592 shares of the scientific and technical instruments company’s stock after purchasing an additional 129 shares during the quarter. Farther Finance Advisors LLC’s holdings in Teledyne Technologies were worth $303,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Teledyne Technologies by 1.9% during 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 purchasing an additional 105,811 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Teledyne Technologies by 10.9% during 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 purchasing an additional 143,062 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Teledyne Technologies by 7.1% during 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 purchasing an additional 73,009 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Teledyne Technologies by 56.9% during the 1st 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 purchasing an additional 232,401 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Teledyne Technologies by 0.5% during the 1st quarter. Northern Trust Corp now owns 539,364 shares of the scientific and technical instruments company’s stock worth $268,447,000 after purchasing an additional 2,490 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

NYSE TDY opened at $579.83 on Tuesday. The company has a fifty day simple moving average of $550.91 and a 200 day simple moving average of $512.47. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $585.96. 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 $27.19 billion, a P/E ratio of 31.93, a PEG ratio of 2.68 and a beta of 1.09.

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 (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 business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $4.58 EPS. Teledyne Technologies’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. Sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its board has initiated a share buyback program on Wednesday, July 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TDY has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price objective for the company. UBS Group raised their price objective 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, Morgan Stanley raised their price objective 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. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $576.57.

Insider Activity 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 transaction of $3,740,686.35. Following the transaction, the chief executive officer directly owned 10,391 shares of the company’s stock, valued at $5,771,265.31. The trade was a 39.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies 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 transaction, the director directly owned 61,913 shares in the company, valued at $34,029,861.32. This represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,021 shares of company stock valued at $8,315,662. 1.50% of the stock is owned by company insiders.

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.