AG2R LA Mondiale Gestion D Actifs Takes Position in Teledyne Technologies Incorporated $TDY

AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the first quarter, Holdings Channel reports. The fund purchased 2,246 shares of the scientific and technical instruments company’s stock, valued at approximately $1,120,000.

A number of other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 35 shares during the period. NBC Securities Inc. acquired a new position in shares of Teledyne Technologies in the first quarter worth approximately $28,000. TCTC Holdings LLC lifted its stake in shares of 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 acquiring an additional 37 shares during the period. City Holding Co. acquired a new position in shares of Teledyne Technologies in the first quarter worth approximately $38,000. Finally, WPG Advisers LLC acquired a new position in shares of Teledyne Technologies in the first quarter worth approximately $44,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TDY shares. Stifel Nicolaus started coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They issued a “buy” rating and a $626.00 price objective on the stock. Morgan Stanley lifted their target price on Teledyne Technologies from $535.00 to $580.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Finally, UBS Group lifted their target price on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and an average target price of $576.57.

Teledyne Technologies Trading Down 1.8%

Shares of TDY stock opened at $556.06 on Friday. The company has a market cap of $26.07 billion, a P/E ratio of 30.62, a PEG ratio of 2.63 and a beta of 1.09. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $570.56. The stock has a 50 day simple moving average of $544.74 and a two-hundred day simple moving average of $506.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66.

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

Teledyne Technologies declared that its Board of Directors has initiated a stock buyback plan 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 shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, CEO George C. Bobb III sold 6,735 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the completion of the sale, the chief executive officer owned 10,391 shares in the company, valued at $5,771,265.31. The trade was a 39.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Simon M. Lorne sold 6,311 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $549.64, for a total value of $3,468,778.04. Following the sale, the director owned 61,913 shares of the company’s stock, valued at approximately $34,029,861.32. This represents a 9.25% decrease in their position. 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 quarter. 1.50% of the stock is currently owned by corporate 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.