Teledyne Technologies Incorporated $TDY Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 25.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 745 shares of the scientific and technical instruments company’s stock after acquiring an additional 149 shares during the period. HB Wealth Management LLC’s holdings in Teledyne Technologies were worth $382,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC increased 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 worth $26,000 after purchasing an additional 35 shares in the last quarter. NBC Securities Inc. purchased a new stake in Teledyne Technologies during the first quarter worth approximately $28,000. TCTC Holdings LLC increased its position in shares of Teledyne Technologies by 97.4% in the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 37 shares in the last quarter. City Holding Co. purchased a new position in shares of Teledyne Technologies in the 1st quarter valued at $38,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of 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 valued at $42,000 after acquiring an additional 28 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TDY. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research report on Saturday, September 27th. Morgan Stanley increased their target price on Teledyne Technologies from $535.00 to $580.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Stifel Nicolaus assumed coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price target on the stock. Finally, UBS Group upped their price target on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $576.57.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the business’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 completion of the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Simon M. Lorne sold 6,311 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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. Insiders sold a total of 15,021 shares of company stock valued at $8,315,662 over the last 90 days. 1.50% of the stock is owned by company insiders.

Teledyne Technologies Stock Up 0.9%

NYSE:TDY opened at $587.15 on Monday. 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 company has a market capitalization of $27.53 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 2.73 and a beta of 1.11. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $590.09. The stock has a 50-day simple moving average of $553.33 and a 200 day simple moving average of $514.81.

Teledyne Technologies (NYSE:TDY) last released its 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. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the business posted $4.58 EPS. Teledyne Technologies’s quarterly 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 EPS for the current fiscal year.

Teledyne Technologies announced that its Board of Directors has authorized 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 often a sign that the company’s management 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.