Bank of New York Mellon Corp Invests $152.58 Million in Teledyne Technologies Incorporated $TDY

Key Points

• Bank of New York Mellon acquired 228,786 Teledyne Technologies shares worth approximately $152.6 million, giving it a 0.49% stake. Institutional investors collectively own 91.58% of TDY.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $721.67; Needham and Morgan Stanley recently raised their targets.
• Teledyne exceeded quarterly expectations, reporting $6.28 in EPS versus $5.79 expected and $1.66 billion in revenue, up 9.8% year over year. The stock recently opened at $635.01, below its 12-month high of $697.67.

Bank of New York Mellon Corp bought a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 228,786 shares of the scientific and technical instruments company's stock, valued at approximately $152,577,000. Bank of New York Mellon Corp owned approximately 0.49% of Teledyne Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its stake in Teledyne Technologies by 874.5% during the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company's stock valued at $970,000 after buying an additional 1,749 shares during the last quarter. Empowered Funds LLC grew its position in shares of Teledyne Technologies by 78.6% during the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company's stock worth $772,000 after buying an additional 683 shares in the last quarter. Focus Partners Wealth increased its holdings in Teledyne Technologies by 48.4% during the first quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company's stock valued at $416,000 after buying an additional 272 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Teledyne Technologies in the 2nd quarter worth approximately $5,590,000. Finally, Cresset Asset Management LLC raised its stake in Teledyne Technologies by 2.5% in the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company's stock valued at $425,000 after buying an additional 20 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

Insider Buying and Selling

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the sale, the director directly owned 55,783 shares in the company, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.36% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TDY. Jefferies Financial Group raised shares of Teledyne Technologies to a "strong-buy" rating in a report on Wednesday, June 10th. Needham & Company LLC lifted their price target on Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Barclays boosted their price objective on Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a research note on Friday, July 24th. Weiss Ratings restated a "buy (b)" rating on shares of Teledyne Technologies in a research report on Wednesday. Finally, Morgan Stanley raised their target price on Teledyne Technologies from $680.00 to $715.00 and gave the company an "equal weight" rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $721.67.

Teledyne Technologies Price Performance

TDY stock opened at $635.01 on Monday. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $697.67. The business has a 50 day simple moving average of $647.73 and a 200-day simple moving average of $641.72. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $29.44 billion, a P/E ratio of 30.66, a PEG ratio of 2.77 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released 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. The business had revenue of $1.66 billion for 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 company'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 company posted $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. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Teledyne Technologies Company 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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