Canada Pension Plan Investment Board Buys Shares of 38,010 Teledyne Technologies Incorporated $TDY

Key Points

• Canada Pension Plan Investment Board initiated a Teledyne Technologies stake of 38,010 shares worth approximately $25.3 million, representing about 0.08% of the company. Institutional investors collectively own 91.58% of TDY.
• Teledyne exceeded quarterly expectations, reporting $6.28 in EPS versus the $5.79 consensus and $1.66 billion in revenue, up 9.8% year over year. Management guided to fiscal 2026 EPS of $24.45–$24.65.
• Analysts maintain a generally positive outlook, with TDY holding a “Moderate Buy” consensus rating and an average price target of $721.67; the stock recently traded at $621.17.

Canada Pension Plan Investment Board bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 38,010 shares of the scientific and technical instruments company's stock, valued at approximately $25,349,000. Canada Pension Plan Investment Board owned about 0.08% of Teledyne Technologies at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Trust Co. of Vermont acquired a new position in Teledyne Technologies in the second quarter valued at approximately $28,000. Allied Private Wealth LLC acquired a new stake in Teledyne Technologies during the 2nd quarter worth $28,000. Meeder Asset Management Inc. acquired a new stake in Teledyne Technologies during the 1st quarter worth $27,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $35,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Price Performance

NYSE:TDY opened at $621.17 on Friday. The stock has a market capitalization of $28.80 billion, a PE ratio of 29.99, a P/E/G ratio of 2.73 and a beta of 0.92. The firm has a fifty day simple moving average of $648.14 and a 200 day simple moving average of $641.34. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $697.67. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19.

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 analysts' consensus estimates of $5.79 by $0.49. The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. Teledyne Technologies's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, research analysts expect that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TDY shares. Barclays raised their price target on Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Stifel Nicolaus upped their price objective on Teledyne Technologies from $750.00 to $775.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Citigroup increased their price target on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. Finally, Zacks Research lowered shares of Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $721.67.

Insider Activity at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,449 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total value of $4,387,512.66. Following the transaction, the director directly owned 55,783 shares of the company's stock, valued at $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 can be accessed through this link. 1.36% of the stock is currently owned by corporate insiders.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source