Goldstein Advisors LLC Takes $207,000 Position in Teledyne Technologies Incorporated $TDY

Goldstein Advisors LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 405 shares of the scientific and technical instruments company’s stock, valued at approximately $207,000.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC increased its position in shares of Teledyne Technologies by 205.9% in the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 35 shares in the last quarter. 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 valued at $37,000 after buying an additional 37 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Teledyne Technologies by 51.9% in the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after buying an additional 28 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Teledyne Technologies in the first quarter valued at $44,000. Finally, AlphaQuest LLC purchased a new position in shares of Teledyne Technologies in the first quarter valued at $57,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TDY shares. Stifel Nicolaus assumed coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 price target for the company. UBS Group increased their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Barclays assumed coverage on Teledyne Technologies in a research note on Wednesday, October 8th. They set an “equal weight” rating and a $606.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Finally, Morgan Stanley increased their price objective on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $585.25.

Insiders Place Their Bets

In other Teledyne Technologies news, 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 value of $3,468,778.04. Following the sale, the director directly owned 61,913 shares of the company’s stock, valued at approximately $34,029,861.32. This trade represents a 9.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael T. Smith sold 1,975 shares of the firm’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 completion of the sale, the director directly owned 51,328 shares in the company, valued at approximately $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,021 shares of company stock valued at $8,315,662. Insiders own 1.50% of the company’s stock.

Teledyne Technologies Stock Up 0.1%

Shares of NYSE:TDY opened at $562.29 on Friday. The stock’s 50-day moving average price is $558.09 and its two-hundred day moving average price is $519.67. 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 12-month low of $419.00 and a 12-month high of $595.99. The firm has a market cap of $26.37 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.60 and a beta of 1.11.

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 (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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company earned $4.58 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. 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, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its board has authorized a stock repurchase plan on Wednesday, July 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors 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.