Heartland Advisors Inc. Acquires New Holdings in Teledyne Technologies Incorporated $TDY

Heartland Advisors Inc. bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, Holdings Channel reports. The fund bought 41,448 shares of the scientific and technical instruments company’s stock, valued at approximately $27,642,000. Teledyne Technologies comprises 1.2% of Heartland Advisors Inc.’s portfolio, making the stock its 6th largest position.

A number of other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of 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 buying an additional 13,647 shares in the last quarter. Swedbank AB grew its position 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 worth $11,315,000 after buying an additional 4,659 shares in the last quarter. UBS Group AG grew its position 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 worth $85,226,000 after buying an additional 14,241 shares in the last quarter. Royal Bank of Canada increased its stake in Teledyne Technologies by 1.9% in 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 acquiring an additional 4,062 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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 acquiring 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

A number of analysts have recently issued reports on TDY shares. Barclays lifted 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. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday. Citigroup raised their target price on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, Morgan Stanley boosted 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 note on Thursday, August 13th. 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, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $721.67.

Insiders Place Their Bets

In related news, Director Simon M. Lorne sold 6,449 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total value of $4,387,512.66. Following the completion of the sale, the director owned 55,783 shares in the company, valued at $37,951,406.22. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.36% of the stock is owned by insiders.

Teledyne Technologies Trading Up 0.2%

NYSE TDY opened at $635.01 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 stock’s 50-day simple moving average is $647.73 and its two-hundred day simple moving average is $641.52. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $697.67. The company has a market capitalization of $29.44 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.76 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.79 by $0.49. The firm 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 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. Research analysts forecast that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

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.