Public Employees Retirement System of Ohio Acquires Shares of 14,260 Teledyne Technologies Incorporated $TDY

Public Employees Retirement System of Ohio bought 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 14,260 shares of the scientific and technical instruments company's stock, valued at approximately $9,510,000.

Other institutional investors also recently modified their holdings of the company. Pure Financial Advisors LLC purchased a new stake in shares of Teledyne Technologies during the second quarter valued at approximately $221,000. Transamerica Financial Advisors LLC bought a new position in Teledyne Technologies in the 2nd quarter valued at $56,000. Corient Private Wealth LP bought a new position in Teledyne Technologies in the 2nd quarter valued at $2,887,000. Bank of America Corp DE purchased a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $406,938,000. Finally, Port Capital LLC purchased a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $162,900,000. 91.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Jefferies Financial Group upgraded shares of Teledyne Technologies to a "strong-buy" rating in a report on Wednesday, June 10th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. Zacks Research cut shares of Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Finally, Morgan Stanley increased their target price on shares of Teledyne Technologies from $680.00 to $715.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Teledyne Technologies has a consensus rating of "Moderate Buy" and an average target price of $721.67.

Teledyne Technologies Price Performance

TDY stock opened at $613.67 on Tuesday. The firm has a 50 day moving average of $648.09 and a 200-day moving average of $640.91. The firm has a market capitalization of $28.45 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 2.71 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. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19.

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. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the prior year, the company posted $5.20 EPS. The business'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. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Simon M. Lorne sold 6,449 shares of the stock in a transaction 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 owned 55,783 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. 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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