Wealthfront Advisers LLC Buys Shares of 5,217 Teledyne Technologies Incorporated $TDY

Key Points

• Wealthfront Advisers initiated a position in Teledyne Technologies by purchasing 5,217 shares valued at approximately $3.48 million. Institutional investors collectively own 91.58% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $721.67; several firms recently raised their targets.
• Teledyne beat quarterly expectations with adjusted earnings of $6.28 per share versus the $5.79 consensus and revenue of $1.66 billion, up 9.8% year over year. The stock opened at $634.38, down 2.2%.

Wealthfront Advisers LLC purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,217 shares of the scientific and technical instruments company's stock, valued at approximately $3,479,000.

A number of other hedge funds also recently modified their holdings of TDY. Meeder Asset Management Inc. bought a new position in shares of Teledyne Technologies during the 1st quarter valued at about $27,000. Allied Private Wealth LLC bought a new stake in Teledyne Technologies during the 2nd quarter worth approximately $28,000. Trust Co. of Vermont bought a new stake in Teledyne Technologies during the 2nd quarter worth approximately $28,000. DV Equities LLC acquired a new stake in Teledyne Technologies during the 4th quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Teledyne Technologies during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Morgan Stanley raised their price objective 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. Barclays boosted their price objective on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company 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 note on Wednesday, June 10th. Finally, Needham & Company LLC increased their target price on Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $721.67.

Teledyne Technologies Trading Down 2.2%

NYSE:TDY opened at $634.38 on Friday. The company has a market cap of $29.41 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.92. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $697.67. The business has a 50 day moving average price of $647.53 and a two-hundred day moving average price of $641.57. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.79 by $0.49. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $5.20 earnings per share. 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, analysts expect that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Simon M. Lorne sold 6,449 shares of the firm's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total value of $4,387,512.66. Following the completion of the transaction, the director owned 55,783 shares of the company's stock, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.36% of the company's stock.

Teledyne Technologies 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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