ABN Amro Investment Solutions Cuts Stock Position in Teledyne Technologies Incorporated $TDY

ABN Amro Investment Solutions reduced its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 62.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,841 shares of the scientific and technical instruments company's stock after selling 8,069 shares during the period. ABN Amro Investment Solutions' holdings in Teledyne Technologies were worth $2,929,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in shares of Teledyne Technologies by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 144,077 shares of the scientific and technical instruments company's stock valued at $87,168,000 after purchasing an additional 2,581 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in shares of Teledyne Technologies in the first quarter valued at $189,000. Wilkerson Advisory Group LLC purchased a new position in shares of Teledyne Technologies in the first quarter valued at $229,000. Amova Asset Management Americas Inc. grew its holdings in Teledyne Technologies by 4.9% during the 1st quarter. Amova Asset Management Americas Inc. now owns 10,730 shares of the scientific and technical instruments company's stock valued at $6,488,000 after purchasing an additional 506 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Teledyne Technologies during the 1st quarter valued at $27,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDY has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded Teledyne Technologies to a "strong-buy" rating in a research note on Wednesday, June 10th. Barclays upped their target price on Teledyne Technologies from $603.00 to $614.00 and gave the company an "equal weight" rating in a research report on Friday, April 24th. Citigroup increased their target price on Teledyne Technologies from $677.00 to $680.00 and gave the company a "neutral" rating in a research note on Wednesday, July 1st. Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $711.50.

Key Headlines Impacting Teledyne Technologies

Here are the key news stories impacting Teledyne Technologies this week:

• Positive Sentiment: Teledyne reported better-than-expected Q2 results, with non-GAAP EPS of $6.28 versus estimates near $5.79 and revenue of $1.66 billion versus $1.58 billion expected, helped by broad-based sales growth and record orders. Teledyne Technologies Reports Second Quarter Results
• Positive Sentiment: The company raised full-year 2026 EPS guidance to $24.45-$24.65 and Q3 guidance to $6.05-$6.15, both above consensus, signaling management expects momentum to continue. Teledyne Technologies Reports Second Quarter Results
• Positive Sentiment: Several analysts responded by lifting price targets and reiterating buy ratings, including Stifel to $775 and Needham to $750, suggesting Wall Street sees more upside after the earnings beat. Benzinga analyst updates
• Positive Sentiment: Teledyne also announced a five-year partnership with the RNLI to provide navigation and thermal imaging technology, a modestly positive contract win that supports its marine and sensing businesses. RNLI partnership announcement
• Neutral Sentiment: Some commentary notes the stock is trading at a premium valuation after the rally, which may limit near-term upside even as fundamentals improve. Teledyne (TDY) Stock Trades At A Premium To Fair Value

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $650.87 on Friday. The company has a market cap of $30.15 billion, a PE ratio of 31.43, a P/E/G ratio of 3.05 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 $693.38. The firm has a 50-day simple moving average of $627.09 and a 200 day simple moving average of $629.20. The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.66 billion during 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 business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous 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. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 24.55 EPS for the current year.

About Teledyne Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.