1,865 Shares in Teledyne Technologies Incorporated $TDY Bought by Beacon Pointe Advisors LLC

Key Points

• Beacon Pointe Advisors purchased 1,865 Teledyne Technologies shares worth approximately $1.24 million in the second quarter. Institutional investors collectively own 91.58% of TDY’s outstanding stock.
• Analysts raised several price targets, with estimates ranging from $640 to $750; the stock carries a consensus “Moderate Buy” rating and an average target of $721.67.
• Teledyne reported quarterly EPS of $6.28, beating expectations by $0.49, while revenue rose 9.8% year over year to $1.66 billion. Shares opened at $621.17, and director Simon M. Lorne sold 6,449 shares for about $4.39 million.

Beacon Pointe Advisors LLC purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,865 shares of the scientific and technical instruments company's stock, valued at approximately $1,244,000.

A number of other hedge funds also recently modified their holdings of TDY. BlackRock Inc. bought a new position in Teledyne Technologies during the 2nd quarter worth about $2,751,121,000. State Street Corp lifted its holdings in shares of Teledyne Technologies by 2.9% in the third quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company's stock valued at $1,291,957,000 after purchasing an additional 61,135 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Teledyne Technologies by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company's stock worth $864,811,000 after buying an additional 9,824 shares during the period. Dodge & Cox grew its holdings in shares of Teledyne Technologies by 0.3% during the fourth quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company's stock worth $860,754,000 after buying an additional 4,378 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of Teledyne Technologies during the second quarter worth about $1,027,237,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TDY shares. Barclays upped their price target on Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Morgan Stanley lifted their price objective on shares of Teledyne Technologies from $680.00 to $715.00 and gave the company 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 Wednesday, August 19th. Citigroup increased their target price on shares of Teledyne Technologies from $677.00 to $680.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st. Finally, Needham & Company LLC raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $721.67.

Insider Activity

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total value of $4,387,512.66. Following the completion of the sale, 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 document filed with the SEC, which is available at the SEC website. Insiders own 1.36% of the company's stock.

Teledyne Technologies Trading Down 0.1%

Shares of NYSE:TDY opened at $621.17 on Monday. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. 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 company has a market capitalization of $28.80 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 2.71 and a beta of 0.92. The company has a 50-day simple moving average of $648.14 and a 200 day simple moving average of $641.23.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results 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 business 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%.The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm 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. Sell-side analysts forecast that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Teledyne Technologies 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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