Whalen Wealth Management Inc. Purchases New Holdings in Teledyne Technologies Incorporated $TDY

Whalen Wealth Management Inc. acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 802 shares of the scientific and technical instruments company’s stock, valued at approximately $535,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Teledyne Technologies by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company’s stock worth $649,524,000 after purchasing an additional 13,647 shares in the last quarter. Swedbank AB raised its stake in 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 buying an additional 4,659 shares in the last quarter. UBS Group AG raised its stake in Teledyne Technologies by 9.3% during 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 buying an additional 14,241 shares in the last quarter. Royal Bank of Canada lifted its holdings in Teledyne Technologies by 1.9% during the 1st 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 last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Teledyne Technologies by 1.9% during 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 buying an additional 4,544 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDY has been the subject of several research reports. Citigroup lifted their target price on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Barclays upped their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Morgan Stanley lifted their price objective on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Stifel Nicolaus boosted 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, Needham & Company LLC increased their target price on shares of Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $721.67.

Teledyne Technologies Stock Down 1.7%

Shares of Teledyne Technologies stock opened at $625.50 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $697.67. The business’s fifty day moving average price is $647.70 and its two-hundred day moving average price is $641.61. The company has a market capitalization of $29.00 billion, a P/E ratio of 30.20, a PEG ratio of 2.77 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.20 earnings per share. 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, research analysts forecast that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Insider Transactions at Teledyne Technologies

In related news, Director Simon M. Lorne sold 6,449 shares of the stock in a transaction dated 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.36% of the stock is owned by corporate insiders.

Teledyne Technologies 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.