Teledyne Technologies Incorporated $TDY Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.9% during the 1st quarter, HoldingsChannel reports. The firm owned 214,721 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,062 shares during the period. Royal Bank of Canada’s holdings in Teledyne Technologies were worth $129,908,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Teledyne Technologies in the first quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Teledyne Technologies during the fourth quarter worth about $28,000. DV Equities LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise acquired a new position in Teledyne Technologies in the 3rd quarter valued at about $43,000. Finally, eCIO Inc. purchased a new stake in Teledyne Technologies during the 4th quarter valued at approximately $47,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Zacks Research raised Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Needham & Company LLC upped their price target on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Stifel Nicolaus increased their price target on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Barclays lifted their price objective on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $715.83.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $648.11 on Friday. The firm’s fifty day simple moving average is $630.57 and its 200-day simple moving average is $633.08. 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 has a market cap of $30.05 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.97 and a beta of 0.92. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $693.38.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data 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. The firm 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 revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $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. Analysts expect that Teledyne Technologies Incorporated will post 24.52 earnings per share for the current fiscal year.

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.