AMF Tjanstepension AB Purchases New Stake in Teledyne Technologies Incorporated $TDY

AMF Tjanstepension AB purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,757 shares of the scientific and technical instruments company’s stock, valued at approximately $6,023,000.

A number of other large investors have also added to or reduced their stakes in TDY. Wealth Enhancement Advisory Services LLC raised its stake in Teledyne Technologies by 36.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,835 shares of the scientific and technical instruments company’s stock valued at $852,000 after acquiring an additional 491 shares during the period. Parallel Advisors LLC raised its stake in Teledyne Technologies by 40.1% in the 1st quarter. Parallel Advisors LLC now owns 377 shares of the scientific and technical instruments company’s stock valued at $188,000 after acquiring an additional 108 shares during the period. NBC Securities Inc. bought a new stake in Teledyne Technologies in the 1st quarter valued at $28,000. Merit Financial Group LLC bought a new position in Teledyne Technologies during the 1st quarter worth $219,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Teledyne Technologies by 22.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 323 shares of the scientific and technical instruments company’s stock worth $161,000 after buying an additional 59 shares during the period. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

TDY has been the topic of several recent research reports. Morgan Stanley increased their price objective 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. UBS Group increased their price objective on 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 reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Saturday, September 27th. Finally, Stifel Nicolaus initiated coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $576.57.

Teledyne Technologies Stock Performance

TDY opened at $587.15 on Friday. The firm has a market cap of $27.53 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.11. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $590.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66. The business’s fifty day moving average is $553.33 and its 200-day moving average is $514.61.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.Teledyne Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies announced that its board has authorized a stock repurchase plan on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Teledyne Technologies

In related news, Director Michael T. Smith sold 1,975 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 51,328 shares of the company’s stock, valued at $28,748,812.80. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO George C. Bobb III sold 6,735 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 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 valued at $8,315,662. 1.50% of the stock is owned by corporate insiders.

About Teledyne Technologies

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.