Man Group plc Buys New Holdings in Teledyne Technologies Incorporated $TDY

Key Points

• Man Group purchased 10,188 Teledyne Technologies shares during the second quarter, valued at approximately $6.8 million. Institutional investors and hedge funds collectively own 91.58% of TDY.
• Analysts maintain a generally positive view, with Teledyne carrying a consensus “Moderate Buy” rating and an average price target of $721.67; individual targets range up to $750.
• Teledyne exceeded quarterly expectations, reporting $6.28 EPS on $1.66 billion in revenue, with revenue up 9.8% year over year. The stock opened at $621.17, below its 52-week high of $697.67.

Man Group plc purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,188 shares of the scientific and technical instruments company's stock, valued at approximately $6,794,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new stake in Teledyne Technologies in the second quarter valued at approximately $1,027,237,000. J. Goldman & Co LP bought a new position in shares of Teledyne Technologies in the 2nd quarter worth $32,275,000. Hsbc Holdings PLC lifted its holdings in shares of Teledyne Technologies by 7.0% in the 2nd quarter. Hsbc Holdings PLC now owns 249,294 shares of the scientific and technical instruments company's stock worth $166,289,000 after purchasing an additional 16,391 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Teledyne Technologies in the 2nd quarter valued at $159,000. Finally, Palisade Capital Management LP acquired a new stake in Teledyne Technologies in the 2nd quarter valued at $17,514,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

TDY has been the topic of several research reports. Weiss Ratings restated a "buy (b)" rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Morgan Stanley lifted their price objective on shares of Teledyne Technologies from $680.00 to $715.00 and gave the company an "equal weight" rating in a report on Thursday, August 13th. Zacks Research downgraded shares of Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Barclays upped their target price on shares of Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. Finally, Needham & Company LLC lifted their price target on Teledyne Technologies from $735.00 to $750.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $721.67.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $621.17 on Friday. 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 $648.14 and its two-hundred day simple moving average is $641.34. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $697.67. The stock has a market cap of $28.80 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 2.71 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 (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.49. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The business's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, analysts forecast that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Insider Transactions at Teledyne Technologies

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

About Teledyne Technologies

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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