Palisade Capital Management LP acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,262 shares of the scientific and technical instruments company’s stock, valued at approximately $17,514,000. Teledyne Technologies accounts for about 0.8% of Palisade Capital Management LP’s portfolio, making the stock its 29th largest holding. Palisade Capital Management LP owned about 0.06% of Teledyne Technologies at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Trust Co. of Vermont purchased a new stake in shares of Teledyne Technologies in the second quarter valued at approximately $28,000. Allied Private Wealth LLC acquired a new stake in Teledyne Technologies in the 2nd quarter valued at $28,000. Meeder Asset Management Inc. acquired a new stake in Teledyne Technologies in the 1st quarter valued at $27,000. C M Bidwell & Associates Ltd. purchased a new stake in Teledyne Technologies in the 2nd quarter worth $35,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in Teledyne Technologies during the second quarter worth $38,000. 91.58% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on TDY. Citigroup lifted their target price on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Morgan Stanley raised their price target on shares of Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Stifel Nicolaus boosted their price objective on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Finally, Barclays lifted their price target on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $721.67.
Insider Activity at Teledyne Technologies
In related news, Director Simon M. 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 value of $4,387,512.66. Following the transaction, the director directly owned 55,783 shares in the company, valued at approximately $37,951,406.22. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.36% of the company’s stock.
Teledyne Technologies Stock Performance
NYSE TDY opened at $627.39 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18. The stock’s fifty day moving average is $647.66 and its two-hundred day moving average is $641.59. The firm has a market capitalization of $29.09 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 2.72 and a beta of 0.92. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.49. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business earned $5.20 earnings per share. Teledyne Technologies’s revenue was up 9.8% compared to the same quarter last year. 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. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share 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.
Featured Stories
- Five stocks we like better than Teledyne Technologies
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
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.
