Louisiana State Employees Retirement System bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,400 shares of the scientific and technical instruments company’s stock, valued at approximately $1,452,000.
Several other institutional investors have also added to or reduced their stakes in the business. Silver Oak Securities Incorporated boosted its holdings in Teledyne Technologies by 35.0% in the 1st quarter. Silver Oak Securities Incorporated now owns 1,231 shares of the scientific and technical instruments company’s stock worth $745,000 after buying an additional 319 shares during the period. Fiduciary Alliance LLC grew its stake in shares of Teledyne Technologies by 8.1% in the 1st quarter. Fiduciary Alliance LLC now owns 1,078 shares of the scientific and technical instruments company’s stock worth $684,000 after buying an additional 81 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in Teledyne Technologies by 15.5% during the first quarter. Kestra Private Wealth Services LLC now owns 478 shares of the scientific and technical instruments company’s stock worth $289,000 after acquiring an additional 64 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Teledyne Technologies by 11.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,066 shares of the scientific and technical instruments company’s stock valued at $645,000 after purchasing an additional 113 shares during the last quarter. Finally, OP Asset Management Ltd bought a new position in Teledyne Technologies during the first quarter valued at $2,833,000. 91.58% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on TDY shares. Citigroup upped their target price on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday. Needham & Company LLC raised their price objective on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Barclays upped their target price on Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Finally, Stifel Nicolaus increased their price target on shares of Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $694.14.
Teledyne Technologies Stock Down 1.3%
NYSE:TDY opened at $652.53 on Friday. The company’s fifty day moving average price is $627.74 and its 200-day moving average price is $616.00. The firm has a market capitalization of $30.23 billion, a P/E ratio of 33.01, a PEG ratio of 3.17 and a beta of 0.92. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $693.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16.
Teledyne Technologies (NYSE:TDY – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.48 by $0.32. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the firm posted $4.95 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Teledyne Technologies has set its FY 2026 guidance at 23.850-24.150 EPS and its Q2 2026 guidance at 5.700-5.800 EPS. As a group, equities research analysts anticipate that Teledyne Technologies Incorporated will post 24.01 EPS for the current year.
Teledyne Technologies Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
Read More
- Five stocks we like better than Teledyne Technologies
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY – Free Report).
Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
