44,202 Shares in Teledyne Technologies Incorporated $TDY Acquired by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 44,202 shares of the scientific and technical instruments company’s stock, valued at approximately $29,478,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDY. Meeder Asset Management Inc. purchased a new position in Teledyne Technologies during the first quarter worth approximately $27,000. Allied Private Wealth LLC purchased a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $28,000. DV Equities LLC purchased a new stake in shares of Teledyne Technologies during the 4th quarter valued at $33,000. Banque Cantonale Vaudoise acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth $43,000. Finally, CoreCap Advisors LLC increased its holdings in shares of Teledyne Technologies by 94.6% during the 2nd quarter. CoreCap Advisors LLC now owns 72 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TDY shares. Needham & Company LLC lifted their target price on Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Citigroup raised their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Morgan Stanley lifted their price objective on Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Barclays boosted their target price on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Two 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 stock. According to MarketBeat.com, Teledyne Technologies 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 firm’s stock in a transaction dated 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 sale, the director directly owned 55,783 shares in the company, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.36% of the stock is owned by insiders.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $680.00 on Monday. The firm’s fifty day simple moving average is $644.14 and its 200 day simple moving average is $640.54. 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 Incorporated has a twelve month low of $483.02 and a twelve month high of $697.67. The firm has a market capitalization of $31.52 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.96 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm earned $5.20 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. 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, equities research analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

About Teledyne Technologies

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.