Teledyne Technologies Incorporated $TDY Shares Purchased by Braun Stacey Associates Inc.

Key Points

• Braun Stacey Associates increased its Teledyne Technologies stake by 29.7% in the second quarter, purchasing 8,148 additional shares. Institutional investors and hedge funds collectively own 91.58% of TDY.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $721.67. Recent target increases came from Stifel Nicolaus and Needham, while Zacks downgraded the shares to “Hold.”
• Teledyne reported quarterly earnings of $6.28 per share, exceeding estimates of $5.79, while revenue rose 9.8% year over year to $1.66 billion. The stock opened at $621.17, and director Simon M. Lorne recently sold 6,449 shares at an average price of $680.34.

Braun Stacey Associates Inc. boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 29.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,581 shares of the scientific and technical instruments company's stock after acquiring an additional 8,148 shares during the quarter. Braun Stacey Associates Inc. owned 0.08% of Teledyne Technologies worth $23,729,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. 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 buying an additional 13,647 shares during the period. Swedbank AB grew its position in Teledyne Technologies by 26.6% in the fourth quarter. Swedbank AB now owns 22,155 shares of the scientific and technical instruments company's stock valued at $11,315,000 after acquiring an additional 4,659 shares during the period. UBS Group AG raised its stake in Teledyne Technologies by 9.3% during the fourth quarter. UBS Group AG now owns 166,870 shares of the scientific and technical instruments company's stock worth $85,226,000 after acquiring an additional 14,241 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Teledyne Technologies by 1.9% during the first quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company's stock valued at $129,908,000 after acquiring an additional 4,062 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Teledyne Technologies by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 243,324 shares of the scientific and technical instruments company's stock valued at $147,213,000 after acquiring an additional 4,544 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TDY shares. Stifel Nicolaus upped their target price 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. Needham & Company LLC boosted their price target on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Zacks Research cut shares of Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Finally, Morgan Stanley lifted 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 note on Thursday, August 13th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $721.67.

Teledyne Technologies Stock Down 0.9%

NYSE:TDY opened at $621.17 on Friday. The stock's fifty day moving average price is $648.14 and its two-hundred day moving average price is $641.34. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18. The company has a market cap of $28.80 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 2.73 and a beta of 0.92.

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 EPS for the quarter, beating the consensus estimate of $5.79 by $0.49. The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $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. On average, analysts anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Insider Transactions at Teledyne Technologies

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 value of $4,387,512.66. Following the completion of the sale, the director directly owned 55,783 shares in the company, valued at $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.36% of the stock is currently owned by corporate 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