J. Goldman & Co LP Acquires New Holdings in Teledyne Technologies Incorporated $TDY

J. Goldman & Co LP bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDYFree Report) in the second quarter, HoldingsChannel reports. The firm bought 48,395 shares of the scientific and technical instruments company’s stock, valued at approximately $32,275,000. Teledyne Technologies comprises about 0.8% of J. Goldman & Co LP’s holdings, making the stock its 22nd biggest holding.

Several other large investors have also modified their holdings of TDY. BlackRock Inc. purchased a new stake in Teledyne Technologies during the 2nd quarter worth about $2,751,121,000. Norges Bank purchased a new position in Teledyne Technologies in the 4th quarter valued at about $428,664,000. Findlay Park Partners LLP purchased a new position in Teledyne Technologies in the 2nd quarter valued at about $277,363,000. FIL Ltd boosted its stake in shares of Teledyne Technologies by 25.2% during the 4th 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 last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Teledyne Technologies during the second quarter worth about $157,507,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 value of $4,387,512.66. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.36% of the stock is owned by corporate insiders.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $627.39 on Wednesday. The company has a market cap of $29.09 billion, a P/E ratio of 30.29, a P/E/G ratio of 2.72 and a beta of 0.92. The firm’s 50 day moving average is $647.66 and its two-hundred day moving average is $641.59. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67. 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 (NYSE:TDYGet Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Analysts expect that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TDY. Citigroup boosted their price objective 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. Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Stifel Nicolaus upped their target price on Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Needham & Company LLC increased their target price on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $721.67.

Check Out Our Latest Analysis on Teledyne Technologies

Teledyne Technologies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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