Beverly Hills Private Wealth LLC Sells 92 Shares of Teledyne Technologies Incorporated $TDY

Beverly Hills Private Wealth LLC reduced its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 8.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 936 shares of the scientific and technical instruments company’s stock after selling 92 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Teledyne Technologies were worth $480,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TDY. GAMMA Investing LLC lifted its stake in Teledyne Technologies by 24.6% in the first quarter. GAMMA Investing LLC now owns 998 shares of the scientific and technical instruments company’s stock worth $497,000 after purchasing an additional 197 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Teledyne Technologies by 11.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,040 shares of the scientific and technical instruments company’s stock worth $1,015,000 after purchasing an additional 205 shares during the last quarter. QRG Capital Management Inc. bought a new stake in Teledyne Technologies in the first quarter worth $275,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Teledyne Technologies in the first quarter worth $670,000. Finally, Longboard Asset Management LP bought a new stake in Teledyne Technologies in the first quarter worth $212,000. 91.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of the company’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 sale, the chief executive officer owned 10,391 shares in the company, valued at approximately $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael T. Smith sold 1,975 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 51,328 shares in the company, valued at approximately $28,748,812.80. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,021 shares of company stock worth $8,315,662. 1.50% of the stock is currently owned by company insiders.

Teledyne Technologies Price Performance

TDY stock opened at $571.98 on Tuesday. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $595.99. The company has a market cap of $26.82 billion, a P/E ratio of 31.50, a PEG ratio of 2.60 and a beta of 1.11. The firm has a 50-day moving average of $558.69 and a 200 day moving average of $520.95. 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 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, topping analysts’ consensus estimates 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 the consensus estimate of $1.47 billion. During the same period in the prior year, the firm earned $4.58 earnings per share. Teledyne Technologies’s revenue 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, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its board has approved a share buyback 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 stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have weighed in on TDY shares. Morgan Stanley boosted their price target on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. UBS Group boosted their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 price objective on the stock. Finally, Barclays started coverage on shares of Teledyne Technologies in a research report on Wednesday, October 8th. They issued an “equal weight” rating and a $606.00 price objective on the stock. Seven 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 $585.25.

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.