Nykredit A S Buys New Position in Teledyne Technologies Incorporated $TDY

Nykredit A S bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 19,360 shares of the scientific and technical instruments company’s stock, valued at approximately $12,911,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Teledyne Technologies in the second quarter valued at approximately $2,751,121,000. Jupiter Topco LLC acquired a new stake in Teledyne Technologies during the 2nd quarter worth approximately $1,027,237,000. Norges Bank purchased a new position in Teledyne Technologies in the 4th quarter valued at approximately $428,664,000. Bank of America Corp DE purchased a new position in Teledyne Technologies in the 2nd quarter valued at approximately $406,938,000. Finally, Findlay Park Partners LLP acquired a new position in shares of Teledyne Technologies in the second quarter worth $277,363,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $610.34 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $647.25 and a 200-day simple moving average of $639.68. The stock has a market cap of $28.30 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 2.64 and a beta of 0.91. Teledyne Technologies Incorporated has a 12-month low of $483.02 and a 12-month high of $697.67.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS 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 firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company posted $5.20 earnings per share. Teledyne Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. 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. Equities analysts expect that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Insider Activity at Teledyne Technologies

In other news, Director Simon Lorne sold 6,449 shares of the firm’s stock in a transaction dated 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 sale, the director owned 55,783 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of recent research reports. Needham & Company LLC upped their price objective on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Barclays boosted their target price on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Citigroup increased their price target on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Morgan Stanley lifted their price objective 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, Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $721.67.

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.