Old West Investment Management LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 4,260 shares of the scientific and technical instruments company’s stock, valued at approximately $2,841,000.
Several other institutional investors have also recently made changes to their positions in TDY. Jones Financial Companies Lllp boosted its holdings in shares of Teledyne Technologies by 874.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock valued at $970,000 after buying an additional 1,749 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Teledyne Technologies by 78.6% in the first quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock valued at $772,000 after buying an additional 683 shares in the last quarter. Focus Partners Wealth increased its holdings in Teledyne Technologies by 48.4% during the first quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock worth $416,000 after buying an additional 272 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Teledyne Technologies during the second quarter worth $5,590,000. Finally, Cresset Asset Management LLC lifted its stake in Teledyne Technologies by 2.5% in the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Barclays raised their target price on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Morgan Stanley lifted their price target on Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a report on Thursday. Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, Citigroup upped their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. 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 stock. According to MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $721.67.
Teledyne Technologies Price Performance
NYSE:TDY opened at $680.00 on Monday. The company has a market cap of $31.52 billion, a P/E ratio of 32.83, a P/E/G ratio of 2.96 and a beta of 0.92. The firm’s fifty day moving average price is $644.14 and its two-hundred day moving average price is $640.54. Teledyne Technologies Incorporated has a one year low of $483.02 and a one year high of $697.67. 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 (NYSE:TDY – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.79 by $0.49. The company had revenue of $1.66 billion during 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%. Teledyne Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $5.20 EPS. 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. Equities analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.
Insider Transactions at Teledyne Technologies
In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.36% of the stock is owned by company insiders.
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.
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