2,774 Shares in Teledyne Technologies Incorporated $TDY Bought by Sumitomo Life Insurance Co.

Key Points

• Sumitomo Life Insurance bought 2,774 Teledyne Technologies shares worth approximately $1.85 million, while institutional investors and hedge funds collectively own 91.58% of the company.
• Teledyne reported quarterly adjusted EPS of $6.28, beating estimates by $0.49, while revenue rose 9.8% year over year to $1.66 billion. The company guided to fiscal 2026 EPS of $24.45–$24.65.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $721.67, compared with the stock’s reported price of $635.01; however, director Simon M. Lorne recently sold 6,449 shares for about $4.39 million.

Sumitomo Life Insurance Co. purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,774 shares of the scientific and technical instruments company's stock, valued at approximately $1,850,000.

Other hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in shares of Teledyne Technologies during the second quarter worth about $28,000. Allied Private Wealth LLC bought a new stake in Teledyne Technologies in the second quarter valued at about $28,000. Meeder Asset Management Inc. bought a new stake in Teledyne Technologies in the first quarter valued at about $27,000. C M Bidwell & Associates Ltd. acquired a new stake in Teledyne Technologies during the second quarter valued at approximately $35,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Teledyne Technologies during the second quarter valued at approximately $38,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 0.2%

NYSE:TDY opened at $635.01 on Friday. The firm has a market capitalization of $29.44 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.76 and a beta of 0.92. The business has a 50 day simple moving average of $647.73 and a 200 day simple moving average of $641.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39. Teledyne Technologies Incorporated has a 12-month low of $483.02 and a 12-month high of $697.67.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $5.20 earnings per share. The firm's quarterly 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. Equities research analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Analysts Set New Price Targets

TDY has been the subject of several research reports. Citigroup lifted their target price on Teledyne Technologies from $677.00 to $680.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 1st. Jefferies Financial Group upgraded Teledyne Technologies to a "strong-buy" rating in a research note on Wednesday, June 10th. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Barclays boosted their target price on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Finally, Zacks Research upgraded shares of Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $721.67.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the company'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 transaction, the director owned 55,783 shares in the company, valued at approximately $37,951,406.22. This represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.36% of the stock is owned by insiders.

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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