Teledyne Technologies Incorporated $TDY Shares Acquired by Running Oak Capital LLC

Running Oak Capital LLC lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 32,658 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,384 shares during the period. Teledyne Technologies makes up approximately 1.9% of Running Oak Capital LLC’s holdings, making the stock its 24th largest holding. Running Oak Capital LLC’s holdings in Teledyne Technologies were worth $16,731,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDY. AMF Tjanstepension AB acquired a new stake in Teledyne Technologies in the 2nd quarter valued at about $6,023,000. 111 Capital increased its holdings in shares of Teledyne Technologies by 39.7% in the second quarter. 111 Capital now owns 1,021 shares of the scientific and technical instruments company’s stock valued at $523,000 after purchasing an additional 290 shares during the last quarter. QRG Capital Management Inc. lifted its position in Teledyne Technologies by 6.7% during the second quarter. QRG Capital Management Inc. now owns 590 shares of the scientific and technical instruments company’s stock worth $302,000 after buying an additional 37 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Teledyne Technologies by 10.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,520 shares of the scientific and technical instruments company’s stock worth $2,828,000 after buying an additional 502 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in Teledyne Technologies in the 2nd quarter valued at $808,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Teledyne Technologies

In other news, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction 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 directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael T. Smith sold 1,975 shares of the business’s stock in a transaction on Monday, July 28th. The shares were 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 owned 51,328 shares in the company, valued at $28,748,812.80. This represents a 3.71% 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 ninety days. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TDY. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a report on Saturday, September 27th. Morgan Stanley lifted their target price on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, June 24th. They issued a “buy” rating and a $626.00 price target for the company. Finally, UBS Group lifted their price target 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. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $576.57.

Teledyne Technologies Price Performance

Shares of TDY opened at $587.15 on Monday. The firm has a 50-day simple moving average of $553.33 and a two-hundred day simple moving average of $514.81. The stock has a market cap of $27.53 billion, a PE ratio of 32.33, a P/E/G ratio of 2.73 and a beta of 1.11. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $590.09. 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 issued its quarterly earnings data 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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the business posted $4.58 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. As a group, analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies declared that its Board of Directors has authorized a share repurchase plan on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically a sign 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.