Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 39,396 shares of the scientific and technical instruments company's stock, valued at approximately $26,273,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Teledyne Technologies at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Teledyne Technologies by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company's stock valued at $649,524,000 after buying an additional 13,647 shares in the last quarter. Swedbank AB boosted its stake in Teledyne Technologies by 26.6% during the fourth quarter. Swedbank AB now owns 22,155 shares of the scientific and technical instruments company's stock valued at $11,315,000 after buying an additional 4,659 shares during the last quarter. UBS Group AG boosted its position in shares of Teledyne Technologies by 9.3% during the 4th quarter. UBS Group AG now owns 166,870 shares of the scientific and technical instruments company's stock valued at $85,226,000 after acquiring an additional 14,241 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Teledyne Technologies by 1.9% in the 1st quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company's stock worth $129,908,000 after buying an additional 4,062 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Teledyne Technologies by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 243,324 shares of the scientific and technical instruments company's stock valued at $147,213,000 after acquiring an additional 4,544 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have weighed in on TDY. Citigroup boosted their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 1st. Jefferies Financial Group raised Teledyne Technologies to a "strong-buy" rating in a research note on Wednesday, June 10th. Zacks Research upgraded Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. Finally, Needham & Company LLC increased their price target on Teledyne Technologies from $735.00 to $750.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Two 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's stock. According to MarketBeat, Teledyne Technologies has an average rating of "Moderate Buy" and an average target price of $721.67.
Check Out Our Latest Stock Analysis on Teledyne Technologies
Insider Buying and Selling at Teledyne Technologies
In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the company's 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 sale, the director owned 55,783 shares in the company, valued at $37,951,406.22. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.36% of the company's stock.
Teledyne Technologies Stock Performance
Shares of NYSE:TDY opened at $625.50 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $697.67. The company has a market capitalization of $29.00 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.77 and a beta of 0.92. The firm's 50-day moving average is $647.70 and its 200 day moving average is $641.61.
Teledyne Technologies (NYSE:TDY - Get 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, topping 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 net margin of 15.29% and a return on equity of 10.56%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $5.20 earnings per share. 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. Research analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.
Teledyne Technologies Profile
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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.
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