Teledyne Technologies Incorporated $TDY Shares Acquired by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.3% during the second quarter, Holdings Channel.com reports. The fund owned 24,773 shares of the scientific and technical instruments company’s stock after purchasing an additional 311 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Teledyne Technologies were worth $12,691,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TDY. OneDigital Investment Advisors LLC acquired a new position in Teledyne Technologies in the first quarter worth approximately $247,000. Asset Management One Co. Ltd. grew its position in Teledyne Technologies by 4.7% in the first quarter. Asset Management One Co. Ltd. now owns 38,298 shares of the scientific and technical instruments company’s stock worth $19,061,000 after buying an additional 1,712 shares during the last quarter. IFM Investors Pty Ltd grew its position in Teledyne Technologies by 8.3% in 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 grew its position in Teledyne Technologies by 9.7% in 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 buying an additional 251 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Teledyne Technologies in the first quarter worth approximately $275,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 0.1%

NYSE TDY opened at $562.29 on Monday. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $595.99. 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 stock 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. The firm’s 50 day moving average price is $558.09 and its two-hundred day moving average price is $520.00.

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

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

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,311 shares of Teledyne Technologies stock in a transaction on 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 of the company’s stock, valued at $34,029,861.32. This trade represents a 9.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $3,740,686.35. Following the sale, the chief executive officer directly owned 10,391 shares of the company’s stock, valued at $5,771,265.31. This trade represents a 39.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,021 shares of company stock valued at $8,315,662 in the last quarter. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TDY has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 price target on the stock. 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 research report on Wednesday, October 15th. 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 research report on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Finally, Barclays initiated coverage on shares of Teledyne Technologies in a research report on Wednesday, October 8th. They set an “equal weight” rating and a $606.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus target price of $585.25.

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.