BlackRock Inc. Purchases New Position in Teledyne Technologies Incorporated $TDY

Key Points

• BlackRock acquired 4.13 million Teledyne Technologies shares worth approximately $2.75 billion, giving it an 8.9% stake. Institutional investors collectively own 91.58% of the company.
• Teledyne reported quarterly revenue of $1.66 billion and earnings of $6.28 per share, exceeding analyst estimates, while revenue increased 9.8% year over year.
• Analyst sentiment is favorable, with a consensus rating of “Moderate Buy” and an average price target of $721.67 versus the reported share price of $649.11.

BlackRock Inc. acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,125,237 shares of the scientific and technical instruments company's stock, valued at approximately $2,751,121,000. BlackRock Inc. owned approximately 8.90% of Teledyne Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Teledyne Technologies in the first quarter valued at approximately $27,000. Allied Private Wealth LLC purchased a new position in Teledyne Technologies in the 2nd quarter valued at approximately $28,000. Trust Co. of Vermont acquired a new position in Teledyne Technologies during the second quarter worth about $28,000. DV Equities LLC purchased a new stake in Teledyne Technologies during the 4th quarter worth about $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Teledyne Technologies in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Price Performance

TDY opened at $649.11 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18. The company has a market capitalization of $30.09 billion, a P/E ratio of 31.34, a PEG ratio of 2.89 and a beta of 0.92. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $697.67. The company has a 50-day moving average of $647.32 and a 200-day moving average of $641.47.

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 EPS for the quarter, topping analysts' consensus estimates 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 business posted $5.20 EPS. Teledyne Technologies's quarterly revenue 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. Equities analysts expect that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the 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 of the company's stock, valued at approximately $37,951,406.22. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TDY shares. Zacks Research upgraded Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Barclays boosted their target price on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Jefferies Financial Group upgraded 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 report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Teledyne Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $721.67.

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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