Rice Hall James & Associates LLC bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 1,273 shares of the scientific and technical instruments company’s stock, valued at approximately $849,000.
Several other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in shares of Teledyne Technologies during the 2nd quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Teledyne Technologies during the 2nd quarter valued at approximately $89,191,000. OneDigital Investment Advisors LLC acquired a new position in Teledyne Technologies in the second quarter valued at approximately $230,000. Simplicity Wealth LLC purchased a new position in Teledyne Technologies in the second quarter worth approximately $368,000. Finally, Old West Investment Management LLC purchased a new position in Teledyne Technologies in the second quarter worth approximately $2,841,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on TDY shares. Needham & Company LLC raised their target price on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley increased 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, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Stifel Nicolaus boosted their price objective on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Zacks Research raised shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $721.67.
Insider Transactions at Teledyne Technologies
In related news, Director Simon M. Lorne sold 6,449 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.36% of the company’s stock.
Teledyne Technologies Stock Down 1.6%
Shares of NYSE TDY opened at $666.39 on Wednesday. The firm has a market cap of $30.89 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 2.96 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. The business’s 50 day moving average is $646.40 and its two-hundred day moving average is $641.30.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the firm earned $5.20 earnings per share. The firm’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. Research analysts predict that Teledyne Technologies Incorporated will post 24.69 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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