Teledyne Technologies (NYSE:TDY) Director Sells $4,387,512.66 in Stock

Teledyne Technologies Incorporated (NYSE:TDYGet Free Report) Director Simon Lorne sold 6,449 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the sale, the director directly owned 55,783 shares in the company, valued at $37,951,406.22. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Teledyne Technologies Stock Up 0.9%

Shares of NYSE:TDY opened at $680.00 on Friday. The firm has a fifty day moving average price of $644.14 and a two-hundred day moving average price of $640.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39. Teledyne Technologies Incorporated has a one year low of $483.02 and a one year high of $697.67. The company has a market cap of $31.52 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.93 and a beta of 0.92.

Teledyne Technologies (NYSE:TDYGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, topping the consensus estimate of $5.79 by $0.49. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.20 earnings per share. Teledyne Technologies has set its FY 2026 guidance at 24.450-24.650 EPS and its Q3 2026 guidance at 6.050-6.150 EPS. Analysts anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TDY. Trust Co. of Vermont purchased a new position in Teledyne Technologies in the 2nd quarter worth $28,000. Allied Private Wealth LLC bought a new position in shares of Teledyne Technologies during the second quarter valued at about $28,000. Meeder Asset Management Inc. bought a new position in shares of Teledyne Technologies during the first quarter valued at about $27,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Teledyne Technologies in the second quarter worth about $35,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of Teledyne Technologies in the second quarter worth about $38,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TDY. Needham & Company LLC boosted their price objective on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Stifel Nicolaus lifted their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Finally, Zacks Research raised shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $721.67.

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Teledyne Technologies Company Profile

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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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