Allianz Asset Management GmbH Sells 1,812 Shares of Teledyne Technologies Incorporated $TDY

Allianz Asset Management GmbH lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 42.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,439 shares of the scientific and technical instruments company’s stock after selling 1,812 shares during the quarter. Allianz Asset Management GmbH’s holdings in Teledyne Technologies were worth $1,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC bought a new stake in shares of Teledyne Technologies during the first quarter worth $247,000. IFM Investors Pty Ltd grew its stake in shares of Teledyne Technologies by 8.3% during the first quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company’s stock worth $4,436,000 after buying an additional 681 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Teledyne Technologies by 9.7% during the first quarter. Integrated Wealth Concepts LLC now owns 2,846 shares of the scientific and technical instruments company’s stock worth $1,416,000 after purchasing an additional 251 shares during the period. Keybank National Association OH lifted its holdings in shares of Teledyne Technologies by 3,368.5% during the first quarter. Keybank National Association OH now owns 62,537 shares of the scientific and technical instruments company’s stock worth $31,125,000 after purchasing an additional 60,734 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Teledyne Technologies by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 315,911 shares of the scientific and technical instruments company’s stock worth $157,232,000 after purchasing an additional 13,332 shares during the period. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

TDY stock opened at $532.66 on Monday. The firm has a market cap of $24.98 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 2.46 and a beta of 1.11. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $595.99. The company’s fifty day simple moving average is $558.72 and its 200 day simple moving average is $523.82.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.10. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. Teledyne Technologies’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.10 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. On average, analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies announced that its board has approved a stock repurchase program on Wednesday, July 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TDY shares. Morgan Stanley lifted their price target on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday. UBS Group lifted their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $606.29.

Insiders Place Their Bets

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 value of $3,740,686.35. Following the completion of the sale, the chief executive officer directly owned 10,391 shares of the company’s stock, valued at approximately $5,771,265.31. The trade was a 39.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.