National Pension Service Sells 5,432 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• National Pension Service reduced its Teledyne Technologies stake by 6.2%, selling 5,432 shares and retaining 81,919 shares valued at approximately $54.6 million. Institutional investors collectively own 91.58% of TDY.
• Analyst sentiment remains positive overall, with Teledyne holding a “Moderate Buy” consensus rating and an average price target of $721.67, despite some neutral and downgraded ratings.
• Teledyne exceeded quarterly expectations with earnings of $6.28 per share versus the $5.79 consensus and revenue of $1.66 billion, up 9.8% year over year. The company also raised its fiscal 2026 earnings guidance.

National Pension Service lessened its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,919 shares of the scientific and technical instruments company's stock after selling 5,432 shares during the quarter. National Pension Service owned about 0.18% of Teledyne Technologies worth $54,632,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TDY. California State Teachers Retirement System boosted its position in shares of Teledyne Technologies by 61,950.6% during the 2nd quarter. California State Teachers Retirement System now owns 50,350,950 shares of the scientific and technical instruments company's stock valued at $33,579,049,000 after acquiring an additional 50,269,805 shares during the last quarter. BlackRock Inc. bought a new stake in Teledyne Technologies in the second quarter worth $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 purchasing an additional 61,135 shares in the last quarter. Janus Henderson Group PLC lifted its position 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 valued at $864,811,000 after purchasing an additional 9,824 shares during the last quarter. Finally, Dodge & Cox lifted its position in Teledyne Technologies by 0.3% during the fourth quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company's stock valued at $860,754,000 after purchasing an additional 4,378 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup boosted their target price on shares of Teledyne Technologies from $677.00 to $680.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st. Zacks Research lowered Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. Barclays upped their price objective on Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Finally, Jefferies Financial Group upgraded Teledyne Technologies to a "strong-buy" rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Teledyne Technologies presently has an average rating of "Moderate Buy" and an average price target of $721.67.

Insider Activity at Teledyne Technologies

In other news, Director Simon Lorne sold 6,449 shares of the stock in a transaction that occurred 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 sale, the director directly owned 55,783 shares in the company, valued at approximately $37,951,406.22. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.36% of the company's stock.

Teledyne Technologies Price Performance

TDY stock opened at $604.44 on Friday. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $697.67. 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 company has a 50-day moving average price of $641.97 and a 200 day moving average price of $637.62. The stock has a market cap of $28.02 billion, a PE ratio of 29.19, a P/E/G ratio of 2.63 and a beta of 0.91.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share 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 analyst estimates of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company 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. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Key Stories Impacting Teledyne Technologies

Here are the key news stories impacting Teledyne Technologies this week:

• Positive Sentiment: Higher guidance supports the outlook. Teledyne raised its earnings guidance as demand accelerates across its defense, space, and industrial businesses. The update reinforces expectations for continued growth and provides a fundamental reason for the stock’s recent strength. Teledyne Technologies raises guidance as defense, space and industrial demand accelerate
• Positive Sentiment: Teledyne won a $15.4 million European drone contract. Subsidiary Teledyne Energetics UK will supply specialist energetics products to a Europe-based defense technology manufacturer for advanced unmanned systems. The award strengthens Teledyne’s position in the expanding European drone and defense-supply market, although the contract is modest relative to the company’s overall revenue. Teledyne secures $15.4 million contract to support European drone dominance
• Positive Sentiment: Technical and analyst signals point to a possible reversal. Zacks said TDY has entered oversold territory after its recent decline, suggesting selling pressure may be easing. The report also cited broad analyst support for higher earnings estimates, which could attract buyers if fundamentals continue to improve. Teledyne may be positioned for a trend reversal
• Neutral Sentiment: Management presented at the Jefferies Global Industrials Conference. The presentation gives investors additional insight into Teledyne’s operations and markets, but the available report does not identify a specific new catalyst or change in forecasts. Teledyne Technologies Jefferies Global Industrials Conference transcript

About Teledyne Technologies

Teledyne Technologies Incorporated NYSE: TDY is an industrial technology company that develops and manufactures advanced instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products are used in scientific research, industrial automation, environmental monitoring, medical imaging, transportation, and government and defense applications.

The company's offerings include sensors, cameras, machine-vision systems, data-acquisition equipment, marine and environmental instruments, space and airborne imaging systems, and electronic components for aerospace and defense platforms.

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