Clear Harbor Asset Management LLC Takes Position in Teledyne Technologies Incorporated $TDY

Key Points

• Clear Harbor Asset Management acquired 6,102 Teledyne Technologies shares in the second quarter, worth approximately $4.07 million. Institutional investors collectively own 91.58% of TDY.
• Analysts maintain a positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $721.67; recent targets range from $715 to $775.
• Teledyne exceeded quarterly expectations, reporting $6.28 in earnings per share and $1.66 billion in revenue, with revenue up 9.8% year over year. TDY opened at $635.01, below its 52-week high of $697.67.

Clear Harbor Asset Management LLC bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 6,102 shares of the scientific and technical instruments company's stock, valued at approximately $4,069,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Teledyne Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company's stock valued at $3,053,038,000 after buying an additional 66,984 shares during the period. BlackRock Inc. purchased a new stake in Teledyne Technologies during the second quarter worth approximately $2,751,121,000. State Street Corp increased its position in shares of Teledyne Technologies by 2.9% in the third quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company's stock worth $1,291,957,000 after acquiring an additional 61,135 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Teledyne Technologies by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company's stock worth $864,811,000 after acquiring an additional 9,824 shares in the last quarter. Finally, Dodge & Cox raised its stake in shares of Teledyne Technologies by 0.3% in the 4th quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company's stock valued at $860,754,000 after acquiring an additional 4,378 shares during the period. Institutional investors and hedge funds 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 value of $4,387,512.66. Following the transaction, the director owned 55,783 shares in the company, valued at $37,951,406.22. The trade was a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on TDY. Zacks Research upgraded shares of Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of Teledyne Technologies in a report on Wednesday. Needham & Company LLC raised their price objective on Teledyne Technologies from $735.00 to $750.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Morgan Stanley boosted their price objective on Teledyne Technologies from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 13th. Finally, Stifel Nicolaus upped their target price on Teledyne Technologies from $750.00 to $775.00 and gave the stock 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 given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $721.67.

Teledyne Technologies Trading Up 0.2%

TDY opened at $635.01 on Friday. The firm has a market capitalization of $29.44 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.77 and a beta of 0.92. The firm's 50 day moving average is $647.73 and its 200-day moving average is $641.52. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted 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. The business 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%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period 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. Analysts expect that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY - Free Report).

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