Canada Pension Plan Investment Board Invests $25.35 Million in Teledyne Technologies Incorporated $TDY

Canada Pension Plan Investment Board acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 38,010 shares of the scientific and technical instruments company’s stock, valued at approximately $25,349,000.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in Teledyne Technologies by 874.5% in the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock valued at $970,000 after acquiring an additional 1,749 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Teledyne Technologies by 78.6% in the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock valued at $772,000 after purchasing an additional 683 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Teledyne Technologies by 48.4% in the 1st quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock valued at $416,000 after purchasing an additional 272 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Teledyne Technologies in the 2nd quarter valued at $5,590,000. Finally, Cresset Asset Management LLC raised its holdings in shares of Teledyne Technologies by 2.5% during the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock worth $425,000 after buying an additional 20 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Price Performance

Shares of TDY opened at $621.17 on Friday. The firm has a market cap of $28.80 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 2.73 and a beta of 0.92. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. The business’s 50 day moving average price is $648.14 and its two-hundred day moving average price is $641.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $0.49. The business had revenue of $1.66 billion during 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 business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company 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. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Wall Street Analyst Weigh In

TDY has been the subject of several recent analyst reports. Citigroup upped their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Zacks Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. 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. Morgan Stanley increased their price target on Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, Barclays lifted their target price on shares of Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. One 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $721.67.

Insider Buying and Selling at Teledyne Technologies

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 stock was sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the transaction, the director directly owned 55,783 shares of the company’s stock, valued at $37,951,406.22. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.36% of the stock is owned by 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.