Capital Advisors Ltd. LLC Sells 54 Shares of Teledyne Technologies Incorporated $TDY

Capital Advisors Ltd. LLC reduced its position in Teledyne Technologies Incorporated (NYSE:TDY) by 30.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124 shares of the scientific and technical instruments company’s stock after selling 54 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Teledyne Technologies were worth $64,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in 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 worth $26,000 after purchasing an additional 35 shares during the period. NBC Securities Inc. bought a new position in Teledyne Technologies in the first quarter worth $28,000. TCTC Holdings LLC lifted its position in 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 worth $37,000 after purchasing an additional 37 shares during the period. AdvisorNet Financial Inc lifted its position in 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 worth $42,000 after purchasing an additional 28 shares during the period. Finally, WPG Advisers LLC bought a new position in shares of Teledyne Technologies during the first quarter valued at $44,000. 91.58% of the stock is owned by institutional investors.

Insider Buying and Selling at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,311 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following the sale, the director owned 61,913 shares in the company, valued at $34,029,861.32. This represents a 9.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael T. Smith sold 1,975 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 51,328 shares in the company, valued at approximately $28,748,812.80. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,021 shares of company stock worth $8,315,662. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TDY shares. Barclays started coverage on Teledyne Technologies in a report on Wednesday. They set an “equal weight” rating and a $606.00 price objective for the company. UBS Group lifted their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday. Morgan Stanley lifted their price objective on Teledyne Technologies from $535.00 to $580.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Finally, Stifel Nicolaus started coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus price target of $580.25.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $576.58 on Friday. The stock has a 50-day simple moving average of $556.05 and a 200 day simple moving average of $516.93. The company has a quick ratio of 1.07, a current ratio of 1.66 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 stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of 31.75, a P/E/G ratio of 2.73 and a beta of 1.11.

Teledyne Technologies (NYSE:TDY) last released its quarterly 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 business 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 firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business 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, 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 of Directors has initiated a share repurchase program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.