Diamond Hill Capital Management LLC Investment Advisor Buys Shares of 44,202 Teledyne Technologies Incorporated $TDY

Key Points

• Diamond Hill Capital Management purchased 44,202 Teledyne Technologies shares worth approximately $29.5 million, establishing a 0.10% stake. Institutional investors and hedge funds collectively own 91.58% of the company.
• 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 company issued fiscal 2026 EPS guidance of $24.45–$24.65.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $721.67, compared with shares trading near $680. Director Simon M. Lorne separately sold 6,449 shares for about $4.4 million.

Diamond Hill Capital Management LLC Investment Advisor purchased a new position 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 fund purchased 44,202 shares of the scientific and technical instruments company's stock, valued at approximately $29,478,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.10% of Teledyne Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in Teledyne Technologies by 874.5% during the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company's stock worth $970,000 after purchasing an additional 1,749 shares during the last quarter. Empowered Funds LLC grew its holdings in Teledyne Technologies by 78.6% in the first quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company's stock valued at $772,000 after purchasing an additional 683 shares during the last quarter. Focus Partners Wealth increased its position in shares of Teledyne Technologies by 48.4% in the first quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company's stock valued at $416,000 after buying an additional 272 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Teledyne Technologies in the second quarter valued at $5,590,000. Finally, Cresset Asset Management LLC raised its stake in shares of Teledyne Technologies by 2.5% during the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company's stock worth $425,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Stock Performance

Shares of TDY opened at $680.00 on Monday. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $697.67. The company's 50 day simple moving average is $644.14 and its 200 day simple moving average is $640.54. The company has a market capitalization of $31.52 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.96 and a beta of 0.92. 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 (NYSE:TDY - Get Free Report) last released its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping the consensus estimate of $5.79 by $0.49. The firm had revenue of $1.66 billion during 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 revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company 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, sell-side analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Insider Activity

In other 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 value of $4,387,512.66. Following the completion of the sale, the director owned 55,783 shares of the company's stock, valued at $37,951,406.22. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Zacks Research upgraded shares of Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Jefferies Financial Group upgraded shares of Teledyne Technologies to a "strong-buy" rating in a research report on Wednesday, June 10th. Citigroup upped their price target on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a "neutral" rating in a report on Wednesday, July 1st. Finally, Barclays raised their price objective on shares of Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $721.67.

About Teledyne Technologies

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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