Teledyne Technologies Incorporated $TDY Shares Purchased by Nissay Asset Management Corp Japan

Key Points

• Institutional ownership increased: Nissay Asset Management raised its Teledyne Technologies stake by 6.7% to 74,302 shares, while hedge funds and other institutions collectively own 91.58% of the stock.
• Analysts remain generally positive: Teledyne has a consensus “Moderate Buy” rating and an average price target of $721.67, compared with a recent share price of $621.17.
• Quarterly results topped expectations: The company reported $6.28 in quarterly EPS and $1.66 billion in revenue, exceeding estimates and marking 9.8% year-over-year revenue growth; however, director Simon M. Lorne sold 6,449 shares at an average price of $680.34.

Nissay Asset Management Corp Japan grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,302 shares of the scientific and technical instruments company's stock after buying an additional 4,672 shares during the period. Nissay Asset Management Corp Japan owned 0.16% of Teledyne Technologies worth $49,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in Teledyne Technologies by 874.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company's stock valued at $970,000 after purchasing an additional 1,749 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Teledyne Technologies by 78.6% during the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company's stock worth $772,000 after purchasing an additional 683 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of 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 buying an additional 272 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Teledyne Technologies in the second quarter valued at approximately $5,590,000. Finally, Cresset Asset Management LLC lifted its stake in shares of 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 buying an additional 20 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on TDY. Morgan Stanley lifted their target price on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 13th. Weiss Ratings reiterated a "buy (b)" rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. Citigroup increased their target price on Teledyne Technologies from $677.00 to $680.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 1st. Barclays lifted their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Finally, Jefferies Financial Group upgraded shares of Teledyne Technologies to a "strong-buy" rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $721.67.

Insider Buying and Selling at Teledyne Technologies

In related news, Director Simon M. Lorne sold 6,449 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were 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 directly owned 55,783 shares of the company's stock, valued at approximately $37,951,406.22. This represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.36% of the company's stock.

Teledyne Technologies Trading Down 0.9%

NYSE TDY opened at $621.17 on Friday. The firm has a market capitalization of $28.80 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 2.73 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18. Teledyne Technologies Incorporated has a one year low of $483.02 and a one year high of $697.67. The company's 50 day moving average price is $648.14 and its 200 day moving average price is $641.34.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.66 billion during the quarter, compared to the consensus estimate 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% 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. On average, sell-side analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

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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