Axxcess Wealth Management LLC Has $381,000 Stock Position in Teledyne Technologies Incorporated $TDY

Axxcess Wealth Management LLC lifted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 8.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 744 shares of the scientific and technical instruments company’s stock after buying an additional 57 shares during the period. Axxcess Wealth Management LLC’s holdings in Teledyne Technologies were worth $381,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TDY. GAMMA Investing LLC increased its stake in shares of Teledyne Technologies by 24.6% during the 1st quarter. GAMMA Investing LLC now owns 998 shares of the scientific and technical instruments company’s stock worth $497,000 after purchasing an additional 197 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Teledyne Technologies by 11.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,040 shares of the scientific and technical instruments company’s stock worth $1,015,000 after purchasing an additional 205 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of Teledyne Technologies during the 1st quarter worth $275,000. State of Alaska Department of Revenue boosted its holdings in shares of Teledyne Technologies by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 5,455 shares of the scientific and technical instruments company’s stock worth $2,715,000 after buying an additional 140 shares during the period. Finally, Silver Oak Securities Incorporated bought a new stake in shares of Teledyne Technologies during the 1st quarter worth $69,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

NYSE:TDY opened at $562.29 on Friday. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.60 and a beta of 1.11. 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 50-day moving average of $558.09 and a 200-day moving average of $519.67. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $595.99.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted $4.58 EPS. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. As a group, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies announced that its board 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 reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

TDY has been the subject of several recent analyst reports. UBS Group upped their price objective 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. Morgan Stanley increased their price target on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a report on Wednesday. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Finally, Barclays initiated coverage on shares of Teledyne Technologies in a report on Wednesday, October 8th. They issued an “equal weight” rating and a $606.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus target price of $585.25.

Insider Buying and Selling

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

About Teledyne Technologies

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.