Diversify Advisory Services LLC Buys New Shares in Teledyne Technologies Incorporated $TDY

Key Points

• Diversify Advisory Services LLC acquired 2,984 shares of Teledyne Technologies worth approximately $1.95 million, while institutional investors and hedge funds collectively own 91.58% of the company.
• Analyst sentiment is broadly positive, with Teledyne receiving a consensus “Moderate Buy” rating and an average price target of $721.67, above its reported $649.11 share price.
• Teledyne exceeded quarterly expectations with adjusted EPS of $6.28 versus the $5.79 consensus and revenue of $1.66 billion, up 9.8% year over year; director Simon M. Lorne separately sold 6,449 shares for about $4.39 million.

Diversify Advisory Services LLC acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,984 shares of the scientific and technical instruments company's stock, valued at approximately $1,945,000.

Several other hedge funds have also modified their holdings of TDY. Trust Co. of Vermont purchased a new stake in shares of Teledyne Technologies during the 2nd quarter worth about $28,000. Allied Private Wealth LLC acquired a new stake in shares of Teledyne Technologies during the second quarter valued at about $28,000. Meeder Asset Management Inc. acquired a new stake in shares of Teledyne Technologies during the first quarter worth approximately $27,000. DV Equities LLC acquired a new stake in Teledyne Technologies during the fourth quarter valued at approximately $33,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Teledyne Technologies by 94.6% in the 2nd quarter. CoreCap Advisors LLC now owns 72 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 35 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

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

Teledyne Technologies Stock Down 2.4%

TDY stock opened at $649.11 on Thursday. The firm's 50-day moving average is $647.32 and its two-hundred day moving average is $641.47. The company has a market capitalization of $30.09 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 2.89 and a beta of 0.92. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $697.67. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, beating analysts' consensus estimates of $5.79 by $0.49. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business 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. On average, analysts forecast that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

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.

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