Diversify Advisory Services LLC Buys Shares of 2,984 Teledyne Technologies Incorporated $TDY

Diversify Advisory Services LLC bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, Holdings Channel.com reports. The institutional investor bought 2,984 shares of the scientific and technical instruments company’s stock, valued at approximately $1,945,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Teledyne Technologies in the 1st quarter valued at approximately $27,000. Allied Private Wealth LLC bought a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $28,000. Trust Co. of Vermont acquired a new position in Teledyne Technologies in the second quarter valued at about $28,000. DV Equities LLC acquired a new stake in shares of Teledyne Technologies in the fourth quarter valued at $33,000. Finally, Banque Cantonale Vaudoise bought a new position in Teledyne Technologies in the 3rd quarter worth approximately $43,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the firm’s stock in a transaction 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 directly owned 55,783 shares of the company’s stock, valued at $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TDY shares. Needham & Company LLC increased their price target on Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Citigroup boosted their target price on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Zacks Research upgraded Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Two equities research 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 data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $721.67.

Teledyne Technologies Trading Down 2.4%

TDY opened at $649.11 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39. The company’s 50-day moving average is $647.32 and its 200 day moving average is $641.47. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67. The firm has a market capitalization of $30.09 billion, a PE ratio of 31.34, a P/E/G ratio of 2.89 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last posted 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. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business posted $5.20 EPS. The business’s revenue 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. As a group, research analysts predict that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

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.