Caisse de depot et placement du Quebec Invests $52 Million in Teledyne Technologies Incorporated $TDY

Caisse de depot et placement du Quebec purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 77,975 shares of the scientific and technical instruments company’s stock, valued at approximately $52,002,000. Caisse de depot et placement du Quebec owned approximately 0.17% of Teledyne Technologies at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Teledyne Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company’s stock valued at $649,524,000 after acquiring an additional 13,647 shares in the last quarter. Swedbank AB grew its stake in shares of Teledyne Technologies by 26.6% during the fourth quarter. Swedbank AB now owns 22,155 shares of the scientific and technical instruments company’s stock valued at $11,315,000 after purchasing an additional 4,659 shares during the last quarter. UBS Group AG increased its holdings in shares of Teledyne Technologies by 9.3% in the fourth quarter. UBS Group AG now owns 166,870 shares of the scientific and technical instruments company’s stock valued at $85,226,000 after purchasing an additional 14,241 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Teledyne Technologies by 1.9% in the first quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company’s stock valued at $129,908,000 after purchasing an additional 4,062 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Teledyne Technologies by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 243,324 shares of the scientific and technical instruments company’s stock worth $147,213,000 after purchasing an additional 4,544 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC boosted their target price on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. Barclays boosted their price objective on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Stifel Nicolaus raised their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley lifted their price target on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $721.67.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $626.81 on Friday. The stock’s fifty day simple moving average is $648.14 and its 200 day simple moving average is $641.48. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $29.06 billion, a PE ratio of 30.27, a PEG ratio of 2.76 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.

Teledyne Technologies (NYSE:TDY) last posted its earnings results 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. 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 analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm earned $5.20 earnings per share. The company’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. On average, research analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Insiders Place Their Bets

In other news, Director Simon M. Lorne sold 6,449 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $37,951,406.22. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.36% of the company’s stock.

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.