Insider Selling: Teledyne Technologies (NYSE:TDY) Director Sells $4,387,512.66 in Stock

Teledyne Technologies Incorporated (NYSE:TDY) Director Simon Lorne sold 6,449 shares of the company’s stock in a transaction 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 directly owned 55,783 shares in the company, valued at $37,951,406.22. This trade represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Teledyne Technologies Trading Up 0.5%

Shares of TDY traded up $3.43 during trading hours on Wednesday, reaching $685.17. 264,156 shares of the company traded hands, compared to its average volume of 362,842. The stock’s fifty day moving average price is $640.20 and its 200 day moving average price is $639.13. 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 12-month low of $483.02 and a 12-month high of $697.67. The firm has a market cap of $31.76 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 3.00 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.49. The company 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 firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $5.20 EPS. 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. Sell-side analysts forecast that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on TDY. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Stifel Nicolaus upped their target price on Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Zacks Research upgraded shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Barclays upped their price target on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. 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. According to MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus price target of $715.83.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Trust Co. of Vermont acquired a new stake in Teledyne Technologies in the 2nd quarter valued at $28,000. Allied Private Wealth LLC acquired a new position in Teledyne Technologies during the second quarter worth $28,000. Meeder Asset Management Inc. purchased a new position in Teledyne Technologies during the first quarter valued at $27,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $35,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $38,000. 91.58% of the stock is owned by institutional investors and hedge funds.

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.