ORG Partners LLC Sells 682 Shares of Teledyne Technologies Incorporated $TDY

ORG Partners LLC trimmed its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 55.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 553 shares of the scientific and technical instruments company’s stock after selling 682 shares during the quarter. ORG Partners LLC’s holdings in Teledyne Technologies were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in 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 purchasing an additional 35 shares during the period. NBC Securities Inc. acquired a new stake in Teledyne Technologies in the first quarter worth about $28,000. TCTC Holdings LLC increased its position in 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 purchasing an additional 37 shares during the period. City Holding Co. acquired a new stake in Teledyne Technologies in the first quarter worth about $38,000. Finally, AdvisorNet Financial Inc increased its position in Teledyne Technologies by 51.9% in the second quarter. AdvisorNet Financial Inc now owns 82 shares of the scientific and technical instruments company’s stock worth $42,000 after purchasing an additional 28 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,311 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $549.64, for a total value of $3,468,778.04. Following the transaction, the director directly owned 61,913 shares in the company, valued at $34,029,861.32. This trade represents a 9.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 15,021 shares of company stock worth $8,315,662. 1.50% of the stock is currently owned by insiders.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $578.05 on Friday. The stock has a 50-day moving average price of $550.49 and a two-hundred day moving average price of $511.63. Teledyne Technologies Incorporated has a 12 month low of $419.00 and a 12 month high of $579.46. The company has a market capitalization of $27.10 billion, a PE ratio of 31.83, a P/E/G ratio of 2.68 and a beta of 1.09. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21.

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

Teledyne Technologies declared that its board has approved a share repurchase plan on Wednesday, July 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows 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 board believes its stock is undervalued.

Teledyne Technologies Company 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.