Silvant Capital Management LLC Buys Shares of 6,524 Teledyne Technologies Incorporated $TDY

Key Points

• Silvant Capital Management initiated a 6,524-share position in Teledyne Technologies valued at approximately $4.35 million. Institutional investors collectively own 91.58% of the company.
• Analyst sentiment remains positive, with Teledyne holding a “Moderate Buy” consensus rating and an average price target of $721.67; several firms recently raised their targets to as high as $775.
• Teledyne exceeded quarterly expectations, reporting $6.28 in EPS and $1.66 billion in revenue, up 9.8% year over year. Shares opened at $634.38, while director Simon M. Lorne sold 6,449 shares at an average price of $680.34.

Silvant Capital Management LLC purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,524 shares of the scientific and technical instruments company's stock, valued at approximately $4,351,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in Teledyne Technologies by 874.5% in the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company's stock worth $970,000 after buying an additional 1,749 shares in the last quarter. Empowered Funds LLC raised its position in shares of Teledyne Technologies by 78.6% in the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company's stock worth $772,000 after acquiring an additional 683 shares in the last quarter. Focus Partners Wealth raised its position in shares of Teledyne Technologies by 48.4% in the 1st quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company's stock worth $416,000 after acquiring an additional 272 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Teledyne Technologies during the 2nd quarter worth $5,590,000. Finally, Cresset Asset Management LLC boosted its position in Teledyne Technologies by 2.5% during the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company's stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TDY shares. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a research report on Wednesday. Morgan Stanley lifted their price target on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. Stifel Nicolaus boosted their target price on Teledyne Technologies from $750.00 to $775.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Citigroup upped their target price on Teledyne Technologies from $677.00 to $680.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $721.67.

Teledyne Technologies Trading Down 2.2%

Shares of Teledyne Technologies stock opened at $634.38 on Friday. The firm's 50 day simple moving average is $647.53 and its two-hundred day simple moving average is $641.57. The firm has a market capitalization of $29.41 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.82 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 released its 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 firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm earned $5.20 EPS. The firm's revenue was up 9.8% on a year-over-year basis. 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. Analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Insider Activity

In related news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction dated 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 completion of the sale, the director owned 55,783 shares of the company's stock, valued at $37,951,406.22. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.36% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source