NewEdge Wealth LLC cut its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 18.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,631 shares of the scientific and technical instruments company’s stock after selling 1,892 shares during the quarter. NewEdge Wealth LLC’s holdings in Teledyne Technologies were worth $5,222,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Teledyne Technologies in the fourth quarter worth approximately $428,664,000. FIL Ltd boosted its holdings in shares of Teledyne Technologies by 25.2% during the fourth quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company’s stock worth $698,238,000 after purchasing an additional 274,976 shares during the period. Invesco Ltd. grew its position in Teledyne Technologies by 25.7% during the third quarter. Invesco Ltd. now owns 764,905 shares of the scientific and technical instruments company’s stock valued at $448,265,000 after purchasing an additional 156,559 shares in the last quarter. Hsbc Holdings PLC grew its position in Teledyne Technologies by 81.8% during the fourth quarter. Hsbc Holdings PLC now owns 216,171 shares of the scientific and technical instruments company’s stock valued at $110,495,000 after purchasing an additional 97,281 shares in the last quarter. Finally, Moore Capital Management LP acquired a new position in Teledyne Technologies in the 4th quarter valued at approximately $41,615,000. Institutional investors and hedge funds own 91.58% of the company’s stock.
Teledyne Technologies News Roundup
Here are the key news stories impacting Teledyne Technologies this week:
- Positive Sentiment: Teledyne reported better-than-expected Q2 results, with non-GAAP EPS of $6.28 versus estimates near $5.79 and revenue of $1.66 billion versus $1.58 billion expected, helped by broad-based sales growth and record orders. Teledyne Technologies Reports Second Quarter Results
- Positive Sentiment: The company raised full-year 2026 EPS guidance to $24.45-$24.65 and Q3 guidance to $6.05-$6.15, both above consensus, signaling management expects momentum to continue. Teledyne Technologies Reports Second Quarter Results
- Positive Sentiment: Several analysts responded by lifting price targets and reiterating buy ratings, including Stifel to $775 and Needham to $750, suggesting Wall Street sees more upside after the earnings beat. Benzinga analyst updates
- Positive Sentiment: Teledyne also announced a five-year partnership with the RNLI to provide navigation and thermal imaging technology, a modestly positive contract win that supports its marine and sensing businesses. RNLI partnership announcement
- Neutral Sentiment: Some commentary notes the stock is trading at a premium valuation after the rally, which may limit near-term upside even as fundamentals improve. Teledyne (TDY) Stock Trades At A Premium To Fair Value
Teledyne Technologies Stock Up 0.1%
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 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 for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $5.20 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. 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. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 24.55 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on TDY shares. Stifel Nicolaus increased their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC boosted their price target on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Barclays increased their price objective 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, Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $711.50.
Teledyne Technologies Company 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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