Hsbc Holdings PLC grew its stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 7.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 249,294 shares of the scientific and technical instruments company’s stock after purchasing an additional 16,391 shares during the period. Hsbc Holdings PLC’s holdings in Teledyne Technologies were worth $166,289,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CX Institutional boosted its stake in Teledyne Technologies by 2.8% in the second quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company’s stock valued at $411,000 after acquiring an additional 17 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of Teledyne Technologies by 24.3% during the first quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 18 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Teledyne Technologies by 10.5% in the 1st quarter. Assetmark Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $115,000 after purchasing an additional 18 shares during the last quarter. Parvin Asset Management LLC lifted its holdings in shares of Teledyne Technologies by 12.5% in the 1st quarter. Parvin Asset Management LLC now owns 180 shares of the scientific and technical instruments company’s stock valued at $109,000 after purchasing an additional 20 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its position in shares of Teledyne Technologies by 2.5% in the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after purchasing an additional 20 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction on 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 owned 55,783 shares of the company’s stock, valued at $37,951,406.22. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.36% of the stock is owned by company insiders.
Teledyne Technologies Stock Up 0.3%
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 for the quarter, beating the consensus estimate of $5.79 by $0.49. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.Teledyne Technologies’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business 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. On average, research analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. Morgan Stanley boosted their target price on Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Stifel Nicolaus upped their price target on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Two equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $721.67.
Read Our Latest Stock Report on Teledyne Technologies
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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