Apollon Wealth Management LLC Has $334,000 Stock Holdings in Teledyne Technologies Incorporated $TDY

Apollon Wealth Management LLC increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 46.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 651 shares of the scientific and technical instruments company’s stock after acquiring an additional 207 shares during the quarter. Apollon Wealth Management LLC’s holdings in Teledyne Technologies were worth $334,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fourpath Capital Management LLC increased its holdings in Teledyne Technologies by 3.0% in the second quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock valued at $366,000 after purchasing an additional 21 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Teledyne Technologies by 0.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company’s stock valued at $3,254,000 after buying an additional 23 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Teledyne Technologies by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company’s stock valued at $471,000 after buying an additional 24 shares during the last quarter. HighPoint Advisor Group LLC grew its position in shares of Teledyne Technologies by 3.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 776 shares of the scientific and technical instruments company’s stock valued at $359,000 after buying an additional 24 shares during the last quarter. Finally, Sagespring Wealth Partners LLC grew its position in shares of Teledyne Technologies by 3.9% in the 1st quarter. Sagespring Wealth Partners LLC now owns 663 shares of the scientific and technical instruments company’s stock valued at $330,000 after buying an additional 25 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 0.1%

Shares of NYSE TDY opened at $562.29 on Friday. The firm has a market cap of $26.37 billion, a PE ratio of 30.96, a P/E/G ratio of 2.60 and a beta of 1.11. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $595.99. The company’s fifty day simple moving average is $558.09 and its 200 day simple moving average is $519.53. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data 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. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.58 EPS. 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, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its board has authorized a stock buyback program 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Teledyne Technologies

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

Analyst Ratings Changes

A number of equities analysts recently commented on TDY shares. 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. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price objective for the company. Barclays began coverage on shares of Teledyne Technologies in a research report on Wednesday, October 8th. They set an “equal weight” rating and a $606.00 price objective for the company. UBS Group upped 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and an average price target 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.