R Squared Ltd Takes $425,000 Position in Teledyne Technologies Incorporated $TDY

R Squared Ltd acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 830 shares of the scientific and technical instruments company’s stock, valued at approximately $425,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC increased its holdings in shares of Teledyne Technologies by 205.9% during 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 acquiring an additional 35 shares in the last quarter. TCTC Holdings LLC increased its holdings in shares of Teledyne Technologies by 97.4% during the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 37 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of 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 buying an additional 28 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of Teledyne Technologies during the first quarter valued at approximately $44,000. Finally, AlphaQuest LLC purchased a new position in shares of Teledyne Technologies during the first quarter valued at approximately $57,000. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the business’s stock in a transaction 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 transaction, the director owned 51,328 shares of the company’s stock, valued at approximately $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George C. Bobb III sold 6,735 shares of the company’s stock in a transaction on 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 directly owned 10,391 shares in the company, valued at $5,771,265.31. This represents a 39.33% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Teledyne Technologies Stock Down 0.8%

TDY stock opened at $532.66 on Friday. The stock’s fifty day simple moving average is $558.72 and its two-hundred day simple moving average is $522.82. The company has a current ratio of 1.79, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $595.99. The stock has a market cap of $24.98 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.48 and a beta of 1.11.

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

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Needham & Company LLC lifted their target price on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus lifted their target price on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday. Barclays cut their target price on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday. Finally, UBS Group lifted their target price on Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $606.29.

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.