Korea Investment CORP bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,938 shares of the scientific and technical instruments company's stock, valued at approximately $12,630,000.
Several other institutional investors and hedge funds have also made changes to their positions in TDY. Vanguard Group Inc. boosted its position in Teledyne Technologies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company's stock valued at $3,053,038,000 after buying an additional 66,984 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Teledyne Technologies in the 2nd quarter valued at about $2,751,121,000. State Street Corp raised its stake in Teledyne Technologies by 2.9% during the third quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company's stock valued at $1,291,957,000 after buying an additional 61,135 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Teledyne Technologies by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company's stock worth $864,811,000 after purchasing an additional 9,824 shares during the last quarter. Finally, Dodge & Cox lifted its position in shares of Teledyne Technologies by 0.3% in the 4th quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company's stock worth $860,754,000 after buying an additional 4,378 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on TDY shares. Morgan Stanley lifted their target price on Teledyne Technologies from $680.00 to $715.00 and gave the company an "equal weight" rating in a research note on Thursday, August 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a report on Wednesday. Jefferies Financial Group upgraded Teledyne Technologies to a "strong-buy" rating in a research report on Wednesday, June 10th. Needham & Company LLC raised their target price 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 boosted 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 research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $721.67.
Check Out Our Latest Research Report on TDY
Teledyne Technologies Stock Performance
Shares of NYSE TDY opened at $635.01 on Monday. 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 has a 50 day simple moving average of $647.73 and a 200-day simple moving average of $641.72. The company has a market cap of $29.44 billion, a PE ratio of 30.66, a P/E/G ratio of 2.77 and a beta of 0.92. Teledyne Technologies Incorporated has a 12-month low of $483.02 and a 12-month high of $697.67.
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 EPS for the quarter, beating the consensus estimate of $5.79 by $0.49. The firm had revenue of $1.66 billion for 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 firm's revenue was up 9.8% compared to the same quarter last year. During the same period 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. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 24.69 EPS for the current 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 on 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 transaction, the director directly owned 55,783 shares of the company's stock, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.36% of the company's stock.
About Teledyne Technologies
(
Free Report)
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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