Deutsche Bank AG Buys New Holdings in Teledyne Technologies Incorporated $TDY

Deutsche Bank AG purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 155,142 shares of the scientific and technical instruments company's stock, valued at approximately $103,464,000. Deutsche Bank AG owned 0.33% of Teledyne Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TDY. CX Institutional increased its holdings in shares of Teledyne Technologies by 2.8% in the second quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company's stock worth $411,000 after purchasing an additional 17 shares during the last quarter. CENTRAL TRUST Co increased its stake in Teledyne Technologies by 24.3% in the 1st quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company's stock worth $56,000 after acquiring an additional 18 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Teledyne Technologies by 10.5% during the 1st quarter. Assetmark Inc. now owns 190 shares of the scientific and technical instruments company's stock worth $115,000 after acquiring an additional 18 shares in the last quarter. Parvin Asset Management LLC boosted its position in shares of Teledyne Technologies by 12.5% during the 1st quarter. Parvin Asset Management LLC now owns 180 shares of the scientific and technical instruments company's stock valued at $109,000 after acquiring an additional 20 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its position in Teledyne Technologies by 2.5% during the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company's stock valued at $425,000 after purchasing an additional 20 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the completion of the sale, the director directly owned 55,783 shares of the company's stock, valued at $37,951,406.22. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Morgan Stanley lifted their price target on Teledyne Technologies from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Zacks Research upgraded Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Citigroup raised their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a "neutral" rating in a research note on Wednesday, July 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Finally, Barclays increased their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Two 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $721.67.

Teledyne Technologies Trading Down 2.2%

TDY stock opened at $634.38 on Friday. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $697.67. The firm's 50-day moving average is $647.53 and its 200 day moving average is $641.57. The company has a market capitalization of $29.41 billion, a PE ratio of 30.63, a P/E/G ratio of 2.82 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 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 the consensus estimate of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The company's revenue for the quarter 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 anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current 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.

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