Westpac Banking Corp Invests $2.11 Million in Teledyne Technologies Incorporated $TDY

Key Points

• Westpac Banking Corp purchased 3,162 Teledyne Technologies shares worth approximately $2.11 million in the second quarter. Institutional investors collectively own 91.58% of TDY.
• Teledyne exceeded quarterly expectations, reporting $6.28 EPS versus the $5.79 consensus estimate and $1.66 billion in revenue, up 9.8% year over year. The company guided to fiscal 2026 EPS of $24.45–$24.65.
• TDY has a “Moderate Buy” consensus rating with an average analyst price target of $721.67, compared with a recent share price of $635.01. Director Simon M. Lorne separately sold 6,449 shares for about $4.39 million.

Westpac Banking Corp purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,162 shares of the scientific and technical instruments company's stock, valued at approximately $2,109,000.

A number of other institutional investors have also modified their holdings of TDY. Jones Financial Companies Lllp raised its stake in Teledyne Technologies by 874.5% during the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company's stock worth $970,000 after acquiring an additional 1,749 shares during the period. Empowered Funds LLC boosted its stake in Teledyne Technologies by 78.6% in 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 boosted its stake in Teledyne Technologies by 48.4% in the first quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company's stock valued at $416,000 after acquiring an additional 272 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Teledyne Technologies during the second quarter valued at approximately $5,590,000. Finally, Cresset Asset Management LLC grew its holdings 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 purchasing an additional 20 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon M. 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.36% of the stock is owned by insiders.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $635.01 on Friday. The firm's 50 day moving average is $647.73 and its two-hundred day moving average is $641.52. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $697.67. The firm has a market capitalization of $29.44 billion, a P/E ratio of 30.66, a PEG ratio of 2.76 and a beta of 0.92. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued 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 return on equity of 10.56% and a net margin of 15.29%.The business 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 posted $5.20 earnings per share. The business'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. Analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Analyst Ratings Changes

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

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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