California State Teachers Retirement System Sells 5,645 Shares of Teledyne Technologies Incorporated $TDY

California State Teachers Retirement System reduced its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,500 shares of the scientific and technical instruments company's stock after selling 5,645 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Teledyne Technologies worth $50,350,950 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDY. BlackRock Inc. bought a new stake in shares of Teledyne Technologies in the 2nd quarter valued at about $2,751,121,000. Jupiter Topco LLC purchased a new stake in Teledyne Technologies in the 2nd quarter worth approximately $1,027,237,000. Janus Henderson Group PLC boosted its holdings in shares of Teledyne Technologies by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company's stock worth $864,811,000 after purchasing an additional 9,824 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Teledyne Technologies by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company's stock worth $649,524,000 after purchasing an additional 13,647 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Teledyne Technologies in the 4th quarter valued at approximately $428,664,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Jefferies Financial Group raised shares of Teledyne Technologies to a "strong-buy" rating in a research report on Wednesday, June 10th. Stifel Nicolaus lifted their target price on Teledyne Technologies from $750.00 to $775.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Zacks Research cut shares of Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Finally, Citigroup raised their price target 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $723.33.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded up $1.97 during midday trading on Tuesday, hitting $599.08. The company had a trading volume of 140,346 shares, compared to its average volume of 345,401. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $27.77 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.91. The business has a 50-day simple moving average of $640.79 and a two-hundred day simple moving average of $636.75. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $697.67.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the firm earned $5.20 earnings per share. Teledyne Technologies'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. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Simon Lorne sold 6,449 shares of the business's 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 sale, the director directly owned 55,783 shares in the company, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.36% of the company's stock.

Teledyne Technologies Profile

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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