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

R Squared Ltd purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 830 shares of the scientific and technical instruments company’s stock, valued at approximately $425,000.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake 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 purchasing an additional 35 shares in the last quarter. TCTC Holdings LLC boosted its stake 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 purchasing an additional 37 shares in the last quarter. AdvisorNet Financial Inc boosted its stake 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 purchasing an additional 28 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of Teledyne Technologies during the first quarter valued at about $44,000. Finally, AlphaQuest LLC acquired a new position in shares of Teledyne Technologies in the first quarter worth approximately $57,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction that occurred 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 completion of the sale, the director directly owned 51,328 shares in the company, valued at approximately $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total value of $3,740,686.35. Following the completion of the sale, the chief executive officer owned 10,391 shares of the company’s stock, valued at approximately $5,771,265.31. The trade was a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Teledyne Technologies Trading Down 0.8%

Shares of TDY stock opened at $532.66 on Friday. The company has a market cap of $24.98 billion, a P/E ratio of 30.84, a PEG ratio of 2.48 and a beta of 1.11. The stock has a 50 day simple moving average of $558.72 and a two-hundred day simple moving average of $522.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.79. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $595.99.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.10. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.10 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. Research analysts forecast 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 buyback plan on Wednesday, July 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.