Chevy Chase Trust Holdings LLC Boosts Stake in Teledyne Technologies Incorporated $TDY

Chevy Chase Trust Holdings LLC raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,773 shares of the scientific and technical instruments company’s stock after buying an additional 311 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Teledyne Technologies worth $12,691,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TDY. GAMMA Investing LLC lifted its position in shares of Teledyne Technologies by 24.6% during 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 position in shares of Teledyne Technologies by 11.2% during 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 position in shares of Teledyne Technologies during the first quarter worth about $275,000. State of Alaska Department of Revenue lifted its position in shares of Teledyne Technologies by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 5,455 shares of the scientific and technical instruments company’s stock worth $2,715,000 after purchasing an additional 140 shares during the last quarter. Finally, Running Oak Capital LLC lifted its position in shares of Teledyne Technologies by 2.9% during the first quarter. Running Oak Capital LLC now owns 31,274 shares of the scientific and technical instruments company’s stock worth $15,565,000 after purchasing an additional 872 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,311 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $549.64, for a total value of $3,468,778.04. Following the sale, the director owned 61,913 shares in the company, valued at approximately $34,029,861.32. This trade represents a 9.25% 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, CEO George C. Bobb III sold 6,735 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the completion of the sale, the chief executive officer owned 10,391 shares in the company, valued at $5,771,265.31. The trade was a 39.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,021 shares of company stock worth $8,315,662. 1.50% of the stock is owned by company insiders.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $562.29 on Monday. The firm’s 50 day moving average is $558.09 and its two-hundred day moving average is $520.00. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $595.99. The firm has a market capitalization of $26.37 billion, a P/E ratio of 30.96, a PEG ratio of 2.60 and a beta of 1.11. 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 quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, beating 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 company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the business earned $4.58 earnings per share. Teledyne Technologies’s revenue 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. Analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies declared that its board has approved a share buyback plan on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group increased their price target on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Barclays began coverage on shares of Teledyne Technologies in a report on Wednesday, October 8th. They issued an “equal weight” rating and a $606.00 target price on the stock. Finally, Stifel Nicolaus began coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.