Cookson Peirce & Co. Inc. Buys Shares of 4,371 Teledyne Technologies Incorporated $TDY

Key Points

• Cookson Peirce & Co. acquired 4,371 Teledyne Technologies shares during the second quarter, worth approximately $2.915 million. Institutional investors collectively own 91.58% of TDY.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and an average price target of $721.67; several firms recently raised their targets.
• Teledyne reported quarterly earnings of $6.28 per share, exceeding estimates of $5.79, while revenue rose 9.8% year over year to $1.66 billion. The stock recently traded at $621.17, down 0.9%.

Cookson Peirce & Co. Inc. bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,371 shares of the scientific and technical instruments company's stock, valued at approximately $2,915,000.

Several other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Teledyne Technologies by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company's stock valued at $649,524,000 after buying an additional 13,647 shares during the period. Swedbank AB boosted its position in Teledyne Technologies by 26.6% during the 4th quarter. Swedbank AB now owns 22,155 shares of the scientific and technical instruments company's stock worth $11,315,000 after buying an additional 4,659 shares during the period. UBS Group AG grew its holdings in Teledyne Technologies by 9.3% during the 4th quarter. UBS Group AG now owns 166,870 shares of the scientific and technical instruments company's stock worth $85,226,000 after acquiring an additional 14,241 shares during the last quarter. Royal Bank of Canada grew its holdings in Teledyne Technologies by 1.9% during the 1st quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company's stock worth $129,908,000 after acquiring an additional 4,062 shares during the last quarter. Finally, BlackRock Inc. acquired a new position in Teledyne Technologies in the 2nd quarter valued at approximately $2,751,121,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total value of $4,387,512.66. Following the completion of the transaction, the director directly owned 55,783 shares of the company's stock, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.36% of the company's stock.

Analyst Ratings Changes

TDY has been the subject of several analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. Stifel Nicolaus increased 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. Jefferies Financial Group raised Teledyne Technologies to a "strong-buy" rating in a research report on Wednesday, June 10th. Barclays lifted their target price on Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. Finally, Needham & Company LLC upped their price target on Teledyne Technologies from $735.00 to $750.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $721.67.

Teledyne Technologies Trading Down 0.9%

NYSE:TDY opened at $621.17 on Friday. The firm's fifty day moving average is $648.14 and its 200-day moving average is $641.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $697.67. The firm has a market cap of $28.80 billion, a P/E ratio of 29.99, a P/E/G ratio of 2.71 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, topping analysts' consensus estimates of $5.79 by $0.49. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $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. Equities analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share 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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