Jupiter Topco LLC Takes $1.03 Billion Position in Teledyne Technologies Incorporated $TDY

Key Points

• Jupiter Topco LLC acquired 1.54 million Teledyne Technologies shares worth approximately $1.03 billion, giving it a 3.32% stake. Institutional investors and hedge funds collectively own 91.58% of TDY.
• Analyst sentiment is positive, with a consensus “Moderate Buy” rating and an average price target of $721.67. Recent upgrades included Zacks Research and Jefferies, while Needham raised its target to $750.
• Teledyne reported quarterly EPS of $6.28, beating estimates by $0.49, while revenue rose 9.8% year over year to $1.66 billion. Shares opened at $627.39, within a 52-week range of $483.02 to $697.67.

Jupiter Topco LLC acquired 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 disclosure with the Securities and Exchange Commission. The firm acquired 1,540,313 shares of the scientific and technical instruments company's stock, valued at approximately $1,027,237,000. Jupiter Topco LLC owned 3.32% of Teledyne Technologies at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Teledyne Technologies in the second quarter valued at approximately $2,751,121,000. Norges Bank acquired a new position in Teledyne Technologies in the 4th quarter worth $428,664,000. Findlay Park Partners LLP bought a new position in Teledyne Technologies during the 2nd quarter worth about $277,363,000. FIL Ltd raised its stake in shares of Teledyne Technologies by 25.2% in the 4th quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company's stock valued at $698,238,000 after purchasing an additional 274,976 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Teledyne Technologies in the second quarter valued at about $157,507,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on TDY. Zacks Research upgraded Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Barclays raised their price target 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. Jefferies Financial Group upgraded Teledyne Technologies to a "strong-buy" rating in a report on Wednesday, June 10th. Needham & Company LLC upped their price objective on Teledyne Technologies from $735.00 to $750.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, Citigroup increased 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. Two 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 company. According to data from MarketBeat.com, Teledyne Technologies has a consensus rating of "Moderate Buy" and an average price target of $721.67.

Teledyne Technologies Stock Up 0.3%

Shares of TDY opened at $627.39 on Wednesday. The firm has a 50 day simple moving average of $647.66 and a two-hundred day simple moving average of $641.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39. Teledyne Technologies Incorporated has a one year low of $483.02 and a one year high of $697.67. The company has a market cap of $29.09 billion, a P/E ratio of 30.29, a P/E/G ratio of 2.72 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company posted $5.20 EPS. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. 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. Research analysts forecast that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Insider Activity at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,449 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total value of $4,387,512.66. Following the sale, the director directly 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 hyperlink. Company insiders own 1.36% of the company's stock.

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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