Findlay Park Partners LLP Invests $277.36 Million in Teledyne Technologies Incorporated $TDY

Findlay Park Partners LLP bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 415,899 shares of the scientific and technical instruments company's stock, valued at approximately $277,363,000. Teledyne Technologies comprises 3.7% of Findlay Park Partners LLP's holdings, making the stock its largest holding. Findlay Park Partners LLP owned 0.90% of Teledyne Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Meeder Asset Management Inc. purchased a new stake in shares of Teledyne Technologies in the first quarter valued at approximately $27,000. Allied Private Wealth LLC purchased a new position in Teledyne Technologies during the second quarter worth approximately $28,000. Trust Co. of Vermont purchased a new position in Teledyne Technologies during the second quarter worth approximately $28,000. DV Equities LLC acquired a new position in Teledyne Technologies during the fourth quarter worth $33,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Teledyne Technologies in the 2nd quarter valued at $35,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TDY. Citigroup boosted their price target 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 report on Friday, July 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Teledyne Technologies in a research report on Wednesday. Finally, Stifel Nicolaus upped 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. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $721.67.

Insider Activity at Teledyne Technologies

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 directly owned 55,783 shares of the company's stock, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.36% of the stock is currently owned by corporate insiders.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $635.01 on Friday. The firm's 50 day moving average price is $647.73 and its 200-day moving average price is $641.52. 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 one year low of $483.02 and a one year high of $697.67. The firm has a market cap of $29.44 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.77 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.49. The firm 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%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last 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. As a group, equities research analysts predict 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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