Fullerton Fund Management Co Ltd. bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,017 shares of the scientific and technical instruments company’s stock, valued at approximately $519,000.
A number of other institutional investors and hedge funds have also bought and sold shares of TDY. Jones Financial Companies Lllp increased its position 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 increased its position in Teledyne Technologies by 78.6% during the first quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock worth $772,000 after acquiring an additional 683 shares during the period. Focus Partners Wealth increased its position in 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 acquiring an additional 272 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Teledyne Technologies during the second quarter worth $5,590,000. Finally, Cresset Asset Management LLC increased its position in 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 worth $425,000 after acquiring an additional 20 shares during the period. Institutional investors own 91.58% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on TDY shares. Barclays boosted their price target on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Morgan Stanley boosted their price target on shares of Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a report on Wednesday, March 4th. Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Stifel Nicolaus boosted their price target on shares of Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Citigroup boosted their price target on shares of Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $693.71.
Teledyne Technologies Stock Up 0.2%
TDY opened at $629.71 on Wednesday. The firm’s 50-day simple moving average is $630.77 and its 200-day simple moving average is $605.72. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.76. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38. The firm has a market cap of $29.17 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 3.02 and a beta of 0.94.
Teledyne Technologies (NYSE:TDY – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.48 by $0.32. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm earned $4.95 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Teledyne Technologies has set its FY 2026 guidance at 23.850-24.150 EPS and its Q2 2026 guidance at 5.700-5.800 EPS. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 24.01 EPS for the current fiscal 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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