Teledyne Technologies Incorporated $TDY Shares Bought by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System reportedly increased its Teledyne Technologies stake by 61,950.6% in the second quarter, purchasing 50.27 million additional shares. Institutional investors and hedge funds collectively own 91.58% of TDY.
• Teledyne exceeded quarterly expectations, reporting $6.28 in adjusted EPS versus the $5.79 consensus and $1.66 billion in revenue, up 9.8% year over year. The company issued fiscal 2026 EPS guidance of $24.45–$24.65.
• TDY has a “Moderate Buy” consensus rating and an average analyst price target of $721.67, compared with a recent share price of $610.34. Director Simon Lorne sold 6,449 shares at an average price of $680.34.

California State Teachers Retirement System lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 61,950.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,350,950 shares of the scientific and technical instruments company's stock after purchasing an additional 50,269,805 shares during the quarter. California State Teachers Retirement System owned 108.61% of Teledyne Technologies worth $33,579,049,000 as of its most recent filing with the SEC.

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

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $610.34 on Tuesday. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67. The firm's 50 day simple moving average is $646.64 and its 200-day simple moving average is $639.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39. The company has a market cap of $28.30 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 2.66 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 EPS for the quarter, topping analysts' consensus estimates of $5.79 by $0.49. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business posted $5.20 EPS. The company'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. As a group, equities research analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Insider Activity at Teledyne Technologies

In other news, Director Simon Lorne sold 6,449 shares of Teledyne Technologies 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 owned 55,783 shares in the company, valued at approximately $37,951,406.22. The trade was 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. 1.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TDY has been the topic of a number of research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. Barclays increased their target price on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Zacks Research lowered shares of Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Jefferies Financial Group raised Teledyne Technologies to a "strong-buy" rating in a report on Wednesday, June 10th. Finally, Citigroup increased their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $721.67.

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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