Daiichi Life Insurance Co. Ltd. bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,655 shares of the scientific and technical instruments company's stock, valued at approximately $9,773,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TDY. Meeder Asset Management Inc. purchased a new position in shares of Teledyne Technologies in the first quarter worth $27,000. Allied Private Wealth LLC purchased a new position in Teledyne Technologies during the second quarter valued at $28,000. Trust Co. of Vermont purchased a new position in Teledyne Technologies during the second quarter valued at $28,000. DV Equities LLC bought a new stake in Teledyne Technologies in the 4th quarter valued at $33,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Teledyne Technologies in the 2nd quarter worth $35,000. 91.58% of the stock is currently owned by institutional investors.
Teledyne Technologies Stock Up 0.2%
Shares of NYSE:TDY opened at $635.01 on Friday. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $697.67. The business has a 50 day simple moving average of $647.73 and a two-hundred day simple moving average of $641.52. The firm has a market capitalization of $29.44 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39.
Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, topping the consensus estimate of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $5.20 earnings per share. The company's revenue for the quarter was up 9.8% on a year-over-year basis. 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, equities analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have recently weighed in on TDY. Citigroup raised their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Needham & Company LLC boosted their target price on Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Stifel Nicolaus increased their price target on Teledyne Technologies from $750.00 to $775.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Zacks Research upgraded Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Finally, Jefferies Financial Group raised Teledyne Technologies to a "strong-buy" rating in a research note on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $721.67.
Get Our Latest Analysis on TDY
Insider Buying and Selling
In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the company's stock in a transaction on 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 transaction, the director owned 55,783 shares of the company's stock, valued at $37,951,406.22. This represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.36% of the stock is owned by company insiders.
Teledyne Technologies Profile
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Free Report)
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.
Further Reading
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).
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