Gotham Asset Management LLC Has $25.36 Million Stock Position in Teledyne Technologies Incorporated $TDY

Gotham Asset Management LLC lifted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 18.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 50,957 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,944 shares during the period. Gotham Asset Management LLC’s holdings in Teledyne Technologies were worth $25,362,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its holdings in shares of 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 buying an additional 35 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Teledyne Technologies during the 1st quarter worth $28,000. TCTC Holdings LLC raised its holdings in shares of Teledyne Technologies by 97.4% during the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 37 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of Teledyne Technologies by 192.3% during the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 50 shares in the last quarter. Finally, City Holding Co. acquired a new position in shares of Teledyne Technologies during the 1st quarter worth $38,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity

In other news, Director Simon M. Lorne sold 6,311 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $549.64, for a total value of $3,468,778.04. Following the completion of the sale, the director owned 61,913 shares of the company’s stock, valued at approximately $34,029,861.32. This represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael T. Smith sold 1,975 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $560.10, for a total value of $1,106,197.50. Following the completion of the sale, the director directly owned 51,328 shares of the company’s stock, valued at approximately $28,748,812.80. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,021 shares of company stock valued at $8,315,662. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDY. Stifel Nicolaus began coverage on Teledyne Technologies in a report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 target price for the company. Wall Street Zen raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Morgan Stanley upped their target price on Teledyne Technologies from $535.00 to $580.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Finally, UBS Group upped their target price on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $576.57.

Teledyne Technologies Trading Up 0.5%

Shares of TDY stock opened at $547.17 on Friday. The stock has a market cap of $25.66 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.53 and a beta of 1.09. The stock has a 50-day moving average of $540.18 and a 200-day moving average of $504.64. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. Teledyne Technologies Incorporated has a 1-year low of $416.00 and a 1-year high of $570.56.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Teledyne Technologies Company 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.