Ramirez Asset Management Inc. Takes Position in Teledyne Technologies Incorporated $TDY

Ramirez Asset Management Inc. purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 561 shares of the scientific and technical instruments company’s stock, valued at approximately $287,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of 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 valued at $2,846,053,000 after purchasing an additional 105,811 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Teledyne Technologies by 10.9% in 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 acquiring an additional 143,062 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Teledyne Technologies by 7.1% in 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 acquiring an additional 73,009 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Teledyne Technologies by 56.9% in 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 acquiring an additional 232,401 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Teledyne Technologies by 0.5% in 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 acquiring an additional 2,490 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $560.10, for a total value of $1,106,197.50. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Simon M. Lorne sold 6,311 shares of the business’s 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 directly owned 61,913 shares of the company’s stock, valued at $34,029,861.32. This represents a 9.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,021 shares of company stock worth $8,315,662 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TDY. UBS Group lifted 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. Morgan Stanley lifted 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. Barclays began coverage on Teledyne Technologies in a report on Wednesday. They issued an “equal weight” rating and a $606.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday. Finally, 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 on the stock. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $580.25.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $576.58 on Friday. The business’s 50-day moving average price is $556.05 and its two-hundred day moving average price is $516.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $595.99. The company has a market capitalization of $27.04 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 2.73 and a beta of 1.11.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, beating 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 firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $4.58 earnings per share. The business’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. Analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share 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 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 programs are typically a sign that the company’s board of directors 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.