First Citizens Bank & Trust Co. Has $242,000 Stake in Teledyne Technologies Incorporated $TDY

First Citizens Bank & Trust Co. trimmed its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 34.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 473 shares of the scientific and technical instruments company’s stock after selling 244 shares during the period. First Citizens Bank & Trust Co.’s holdings in Teledyne Technologies were worth $242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings 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 valued at $26,000 after purchasing an additional 35 shares during the period. TCTC Holdings LLC increased its holdings 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 valued at $37,000 after purchasing an additional 37 shares during the period. AdvisorNet Financial Inc boosted its position in Teledyne Technologies by 51.9% during the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 28 shares during the last quarter. WPG Advisers LLC bought a new stake in Teledyne Technologies during the first quarter valued at $44,000. Finally, AlphaQuest LLC bought a new stake in Teledyne Technologies during the first quarter valued at $57,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Price Performance

TDY stock opened at $532.66 on Monday. The stock has a market capitalization of $24.98 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 2.46 and a beta of 1.11. The company’s 50-day moving average is $558.72 and its 200-day moving average is $523.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.79 and a quick ratio of 1.20. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.10. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.10 EPS. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. Equities research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its board has approved a stock buyback plan on Wednesday, July 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the scientific and technical instruments company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have commented on TDY shares. Barclays cut their price target on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a research report on Thursday. Stifel Nicolaus upped their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group upped their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Morgan Stanley upped their price target on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Finally, Needham & Company LLC upped their price target on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $606.29.

Insiders Place Their Bets

In related news, CEO George C. Bobb III sold 6,735 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total value of $3,740,686.35. Following the transaction, the chief executive officer owned 10,391 shares of the company’s stock, valued at approximately $5,771,265.31. This trade represents a 39.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

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.