Simon Lorne Sells 6,449 Shares of Teledyne Technologies (NYSE:TDY) Stock

Key Points

• Director Simon Lorne sold 6,449 Teledyne Technologies shares for approximately $4.39 million at an average price of $680.34, reducing his direct ownership by 10.36% to 55,783 shares.
• Teledyne shares rose 0.5% to $685.17, near their 12-month high of $697.67. The company has a $31.76 billion market capitalization and reported quarterly earnings and revenue above analyst expectations.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $715.83, while institutional investors own 91.58% of the stock.

Teledyne Technologies Incorporated (NYSE:TDY - Get Free Report) Director Simon Lorne sold 6,449 shares of the stock in a transaction dated 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 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 legal filing with the SEC, which is available through the SEC website.

Teledyne Technologies Stock Up 0.5%

Teledyne Technologies stock traded up $3.43 during trading hours on Wednesday, hitting $685.17. The stock had a trading volume of 264,156 shares, compared to its average volume of 362,842. The stock's 50-day moving average price is $640.20 and its 200-day moving average price is $639.13. The stock has a market capitalization of $31.76 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 3.00 and a beta of 0.92. Teledyne Technologies Incorporated has a 12-month low of $483.02 and a 12-month high of $697.67. 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 results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, beating analysts' consensus estimates of $5.79 by $0.49. The firm had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TDY has been the topic of several recent analyst reports. Zacks Research raised Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Barclays upped their target price on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Jefferies Financial Group upgraded shares of Teledyne Technologies to a "strong-buy" rating in a research note on Wednesday, June 10th. Citigroup increased their price objective on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Finally, Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $715.83.

Institutional Trading of Teledyne Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TDY. Vanguard Group Inc. grew its holdings in Teledyne Technologies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company's stock valued at $3,053,038,000 after buying an additional 66,984 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Teledyne Technologies in the 2nd quarter worth about $2,751,121,000. State Street Corp boosted its stake in shares of Teledyne Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company's stock worth $1,291,957,000 after purchasing an additional 61,135 shares during the period. Janus Henderson Group PLC grew its holdings in 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 valued at $864,811,000 after purchasing an additional 9,824 shares during the last quarter. Finally, Dodge & Cox raised its position in Teledyne Technologies by 0.3% in the 4th quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company's stock worth $860,754,000 after purchasing an additional 4,378 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

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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