Jefferies Financial Group Inc. Buys Shares of 3,237 Teledyne Technologies Incorporated $TDY

Key Points

• Jefferies Financial Group initiated a position in Teledyne Technologies by purchasing 3,237 shares valued at approximately $2.16 million. Institutional investors collectively own 91.58% of the company.
• Teledyne reported quarterly earnings of $6.28 per share, exceeding consensus estimates of $5.79, while revenue rose 9.8% year over year to $1.66 billion.
• TDY shares opened at $621.17, below their 50- and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $721.67, although one director recently sold shares worth about $4.39 million.

Jefferies Financial Group Inc. purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,237 shares of the scientific and technical instruments company's stock, valued at approximately $2,159,000.

Other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont bought a new position in Teledyne Technologies during the second quarter worth $28,000. Allied Private Wealth LLC bought a new stake in Teledyne Technologies during the second quarter valued at $28,000. Meeder Asset Management Inc. acquired a new stake in Teledyne Technologies during the 1st quarter worth about $27,000. C M Bidwell & Associates Ltd. acquired a new stake in Teledyne Technologies during the 2nd quarter worth about $35,000. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of Teledyne Technologies in the 2nd quarter worth about $38,000. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Down 0.9%

TDY stock opened at $621.17 on Friday. The stock's 50 day simple moving average is $648.14 and its 200 day simple moving average is $641.34. The company has a market cap of $28.80 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 2.71 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 Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced 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 firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $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, research analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction dated 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 transaction, the director owned 55,783 shares in the company, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.36% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on TDY. Morgan Stanley upped their target price on Teledyne Technologies from $680.00 to $715.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Needham & Company LLC lifted their target price on Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Barclays increased their price target on Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. Stifel Nicolaus raised 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. Finally, Zacks Research lowered shares of Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $721.67.

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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