Heartland Advisors Inc. Purchases New Stake in Teledyne Technologies Incorporated $TDY

Key Points

• Heartland Advisors acquired 41,448 Teledyne Technologies shares worth approximately $27.6 million, making TDY about 1.2% of its portfolio and its sixth-largest holding. Institutional investors collectively own 91.58% of the company.
• Teledyne reported quarterly EPS of $6.28, beating estimates by $0.49, while revenue rose 9.8% year over year to $1.66 billion. The company guided to fiscal 2026 EPS of $24.45–$24.65.
• TDY shares opened at $635.01, below the analyst consensus price target of $721.67; analysts maintain a consensus “Moderate Buy” rating. Director Simon M. Lorne recently sold 6,449 shares for about $4.4 million.

Heartland Advisors Inc. acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,448 shares of the scientific and technical instruments company's stock, valued at approximately $27,642,000. Teledyne Technologies makes up approximately 1.2% of Heartland Advisors Inc.'s holdings, making the stock its 6th largest position. Heartland Advisors Inc. owned approximately 0.09% of Teledyne Technologies at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TDY. Geode Capital Management LLC grew its position in shares of Teledyne Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company's stock valued at $649,524,000 after buying an additional 13,647 shares during the last quarter. Swedbank AB raised its position in shares of Teledyne Technologies by 26.6% during the fourth quarter. Swedbank AB now owns 22,155 shares of the scientific and technical instruments company's stock worth $11,315,000 after acquiring an additional 4,659 shares during the last quarter. UBS Group AG raised its position in shares of Teledyne Technologies by 9.3% during the fourth quarter. UBS Group AG now owns 166,870 shares of the scientific and technical instruments company's stock worth $85,226,000 after acquiring an additional 14,241 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Teledyne Technologies by 1.9% in the first quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company's stock worth $129,908,000 after acquiring an additional 4,062 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Teledyne Technologies by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 243,324 shares of the scientific and technical instruments company's stock worth $147,213,000 after acquiring an additional 4,544 shares during the period. 91.58% of the stock is owned by institutional investors.

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 transaction, the director directly owned 55,783 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.36% of the stock is owned by insiders.

Teledyne Technologies Stock Up 0.2%

TDY stock opened at $635.01 on Friday. The stock has a market cap of $29.44 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.76 and a beta of 0.92. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. The stock's fifty day simple moving average is $647.73 and its two-hundred day simple moving average is $641.52. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $697.67.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly 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 company had revenue of $1.66 billion for 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 was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Analysts expect that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TDY shares. Morgan Stanley increased their price target on Teledyne Technologies from $680.00 to $715.00 and gave the stock an "equal weight" rating in a 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. Jefferies Financial Group raised Teledyne Technologies to a "strong-buy" rating in a research note on Wednesday, June 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a research note on Wednesday. Finally, Citigroup increased their price target on Teledyne Technologies from $677.00 to $680.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $721.67.

Teledyne Technologies Company 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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