Teledyne Technologies Incorporated $TDY Stake Lowered by California State Teachers Retirement System

California State Teachers Retirement System trimmed its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,145 shares of the scientific and technical instruments company’s stock after selling 986 shares during the quarter. California State Teachers Retirement System owned about 0.18% of Teledyne Technologies worth $49,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in TDY. Royal Bank of Canada increased its position in 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 worth $129,908,000 after buying an additional 4,062 shares during the period. Empowered Funds LLC boosted its holdings in shares of Teledyne Technologies by 51.4% during the first quarter. Empowered Funds LLC now owns 2,675 shares of the scientific and technical instruments company’s stock valued at $1,618,000 after acquiring an additional 908 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Teledyne Technologies by 43.3% during the first quarter. Quantinno Capital Management LP now owns 41,245 shares of the scientific and technical instruments company’s stock valued at $24,954,000 after acquiring an additional 12,467 shares during the period. Corsair Capital Management L.P. bought a new position in shares of Teledyne Technologies during the first quarter worth about $605,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Teledyne Technologies by 17.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 6,689 shares of the scientific and technical instruments company’s stock worth $4,047,000 after acquiring an additional 1,010 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Zacks Research upgraded Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Stifel Nicolaus increased their price target on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Citigroup raised their price target on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Finally, Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $715.83.

Teledyne Technologies Trading Up 2.7%

Shares of Teledyne Technologies stock opened at $648.11 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. The firm has a market cap of $30.05 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 2.97 and a beta of 0.92. The business has a fifty day simple moving average of $630.57 and a 200-day simple moving average of $633.08. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $693.38.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share 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 business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business posted $5.20 earnings per share. The company’s quarterly 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, equities analysts forecast that Teledyne Technologies Incorporated will post 24.52 EPS 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.