NewEdge Wealth LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,133 shares of the scientific and technical instruments company's stock, valued at approximately $4,757,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Teledyne Technologies in the 1st quarter valued at about $27,000. Allied Private Wealth LLC bought a new stake in shares of Teledyne Technologies during the 2nd quarter worth approximately $28,000. Trust Co. of Vermont bought a new stake in shares of Teledyne Technologies during the 2nd quarter worth approximately $28,000. DV Equities LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise bought a new position in Teledyne Technologies in the third quarter valued at approximately $43,000. Institutional investors own 91.58% of the company's stock.
Teledyne Technologies Stock Performance
Shares of Teledyne Technologies stock opened at $649.11 on Thursday. The company's 50 day moving average price is $647.32 and its two-hundred day moving average price is $641.47. The firm has a market capitalization of $30.09 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.89 and a beta of 0.92. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67. 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 (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, topping the consensus estimate of $5.79 by $0.49. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business earned $5.20 earnings per share. The company's revenue for the quarter 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. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.
Insider Transactions at Teledyne Technologies
In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the stock in a transaction dated Wednesday, August 12th. The stock was 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 directly owned 55,783 shares in the company, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.36% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research analysts have commented on TDY shares. Stifel Nicolaus boosted their price objective on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Barclays lifted their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Needham & Company LLC boosted 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, Citigroup upped their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies has an average rating of "Moderate Buy" and an average price target of $721.67.
Read Our Latest Stock Analysis on Teledyne Technologies
About Teledyne Technologies
(
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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