Bank of America Corp DE Purchases 28,822 Shares of Teledyne Technologies Incorporated $TDY

Bank of America Corp DE boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 671,088 shares of the scientific and technical instruments company's stock after acquiring an additional 28,822 shares during the quarter. Bank of America Corp DE owned 1.45% of Teledyne Technologies worth $406,015,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TDY. Norges Bank bought a new stake in shares of Teledyne Technologies during the 4th quarter valued at about $428,664,000. FIL Ltd lifted its stake in shares of Teledyne Technologies by 25.2% in the 4th quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company's stock worth $698,238,000 after purchasing an additional 274,976 shares during the period. Invesco Ltd. boosted its holdings in shares of Teledyne Technologies by 25.7% in the third quarter. Invesco Ltd. now owns 764,905 shares of the scientific and technical instruments company's stock worth $448,265,000 after buying an additional 156,559 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Teledyne Technologies by 81.8% in the fourth quarter. Hsbc Holdings PLC now owns 216,171 shares of the scientific and technical instruments company's stock worth $110,495,000 after buying an additional 97,281 shares during the last quarter. Finally, Moore Capital Management LP bought a new stake in Teledyne Technologies during the fourth quarter valued at approximately $41,615,000. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $657.18 on Monday. The company has a market capitalization of $30.47 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 2.85 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. The stock's 50-day simple moving average is $631.29 and its 200-day simple moving average is $633.84. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $693.38.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.58 billion. During the same quarter last year, the company earned $5.20 EPS. The firm's quarterly revenue was up 9.8% on a year-over-year basis. 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, analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on TDY shares. Zacks Research raised shares of Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. 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 restated a "buy (b)" rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Jefferies Financial Group raised Teledyne Technologies to a "strong-buy" rating in a report on Wednesday, June 10th. Finally, Needham & Company LLC lifted their target price on Teledyne Technologies from $735.00 to $750.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $715.83.

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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