19,360 Shares in Teledyne Technologies Incorporated $TDY Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 19,360 shares of Teledyne Technologies in the second quarter, valued at approximately $12.9 million. Institutional investors collectively own 91.58% of the company, with several major funds also establishing new positions.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $721.67. Recent target increases include Needham’s $750 objective and Morgan Stanley’s $715 target.
• Teledyne reported quarterly earnings of $6.28 per share, exceeding estimates by $0.49, while revenue rose 9.8% year over year to $1.66 billion. Shares opened at $610.34, below their 52-week high of $697.67.

Nykredit A S acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,360 shares of the scientific and technical instruments company's stock, valued at approximately $12,911,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $2,751,121,000. Jupiter Topco LLC acquired a new position in Teledyne Technologies during the second quarter worth about $1,027,237,000. Norges Bank purchased a new stake in Teledyne Technologies during the 4th quarter valued at about $428,664,000. Bank of America Corp DE acquired a new stake in Teledyne Technologies in the 2nd quarter valued at about $406,938,000. Finally, Findlay Park Partners LLP acquired a new stake in Teledyne Technologies in the 2nd quarter valued at about $277,363,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TDY shares. Morgan Stanley boosted their target price on Teledyne Technologies from $680.00 to $715.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. Barclays boosted their price objective on Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. Needham & Company LLC lifted their price target on Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, Jefferies Financial Group raised shares of Teledyne Technologies to a "strong-buy" rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $721.67.

Teledyne Technologies Trading Up 0.4%

Shares of Teledyne Technologies stock opened at $610.34 on Friday. The stock has a 50 day moving average of $647.25 and a 200 day moving average of $639.68. 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 firm has a market capitalization of $28.30 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 2.64 and a beta of 0.91. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67.

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 EPS for the quarter, beating the consensus estimate of $5.79 by $0.49. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates 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 in the prior year, the company 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. As a group, research analysts predict 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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