Teledyne Technologies Incorporated $TDY Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 9.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,597 shares of the scientific and technical instruments company’s stock after buying an additional 142 shares during the period. Fulton Bank N.A.’s holdings in Teledyne Technologies were worth $818,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in shares of Teledyne Technologies by 205.9% during the 1st 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 in the last quarter. NBC Securities Inc. bought a new position in shares of Teledyne Technologies during the 1st quarter valued at about $28,000. TCTC Holdings LLC boosted its position in shares of Teledyne Technologies by 97.4% during the 1st 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 in the last quarter. City Holding Co. bought a new position in shares of Teledyne Technologies during the 1st quarter valued at about $38,000. Finally, WPG Advisers LLC bought a new position in shares of Teledyne Technologies during the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of TDY opened at $564.95 on Friday. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $570.56. The company has a 50-day moving average of $548.34 and a two-hundred day moving average of $508.67. The stock has a market cap of $26.49 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.61 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the company posted $4.58 earnings per share. The business’s revenue for the quarter 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, equities research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies announced that its board has approved a stock repurchase program 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 repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TDY shares. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price objective for the company. Morgan Stanley raised their price objective on shares of Teledyne Technologies from $535.00 to $580.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. Finally, UBS Group raised their price objective 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. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus price target of $576.57.

Insiders Place Their Bets

In other Teledyne Technologies 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 completion of the transaction, the chief executive officer directly owned 10,391 shares in the company, valued at $5,771,265.31. This trade represents a 39.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael T. Smith sold 1,975 shares of the firm’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 transaction of $1,106,197.50. Following the sale, the director owned 51,328 shares of the company’s stock, valued at approximately $28,748,812.80. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,021 shares of company stock worth $8,315,662 over the last ninety days. 1.50% of the stock is currently owned by company insiders.

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.