Danica Pension Livsforsikringsaktieselskab Makes New Investment in Teledyne Technologies Incorporated $TDY

Danica Pension Livsforsikringsaktieselskab acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,785 shares of the scientific and technical instruments company’s stock, valued at approximately $7,193,000.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in shares of Teledyne Technologies by 874.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock valued at $970,000 after purchasing an additional 1,749 shares in the last quarter. Empowered Funds LLC lifted its holdings in Teledyne Technologies by 78.6% during the first 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 grew its position in shares of Teledyne Technologies by 48.4% in the first 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 period. Arrowstreet Capital Limited Partnership purchased a new position in Teledyne Technologies in the 2nd quarter worth approximately $5,590,000. Finally, Cresset Asset Management LLC boosted 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 purchasing an additional 20 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 1.6%

TDY stock opened at $666.39 on Wednesday. The firm has a 50-day simple moving average of $646.40 and a 200-day simple moving average of $641.30. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $697.67. The stock has a market capitalization of $30.89 billion, a P/E ratio of 32.18, a P/E/G ratio of 2.96 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY) last announced its 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 for 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 firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Equities analysts forecast that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Simon M. 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 completion of the sale, the director directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TDY shares. Barclays increased their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Citigroup boosted their target price on shares of Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Finally, Zacks Research raised shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $721.67.

About Teledyne Technologies

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.