Swiss National Bank boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 7.3% in the first quarter, Holdings Channel.com reports. The firm owned 137,778 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,320 shares during the period. Swiss National Bank’s holdings in Teledyne Technologies were worth $83,357,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Teledyne Technologies in the 4th quarter worth $28,000. DV Equities LLC acquired a new stake in shares of Teledyne Technologies during the fourth quarter valued at about $33,000. Banque Cantonale Vaudoise purchased a new stake in shares of Teledyne Technologies during the third quarter worth about $43,000. eCIO Inc. purchased a new stake in shares of Teledyne Technologies during the fourth quarter worth about $47,000. Finally, Wexford Capital LP acquired a new position in shares of Teledyne Technologies in the third quarter worth about $54,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Analyst Ratings Changes
TDY has been the subject of a number of analyst reports. Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Stifel Nicolaus lifted their price objective on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Barclays increased their target price on Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Finally, Needham & Company LLC raised their price target on shares of Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $694.14.
Teledyne Technologies Stock Performance
TDY stock opened at $627.21 on Tuesday. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $693.38. The stock has a market capitalization of $29.06 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 3.04 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.76. The stock’s fifty day moving average is $626.31 and its two-hundred day moving average is $626.35.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.48 by $0.32. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.95 EPS. 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. On average, research analysts predict that Teledyne Technologies Incorporated will post 24.1 EPS for the current year.
About Teledyne Technologies
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.
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