Westpac Banking Corp Buys Shares of 3,162 Teledyne Technologies Incorporated $TDY

Westpac Banking Corp purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,162 shares of the scientific and technical instruments company’s stock, valued at approximately $2,109,000.

Other institutional investors also recently made changes to their positions in the company. Trust Co. of Vermont acquired a new position in shares of Teledyne Technologies during the second quarter valued at approximately $28,000. Allied Private Wealth LLC bought a new stake in Teledyne Technologies during the second quarter worth approximately $28,000. Meeder Asset Management Inc. acquired a new stake in Teledyne Technologies in the first quarter worth approximately $27,000. C M Bidwell & Associates Ltd. bought a new position in Teledyne Technologies during the 2nd quarter valued at $35,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Teledyne Technologies during the 2nd quarter valued at $38,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Simon M. Lorne sold 6,449 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were 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 in the company, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.36% of the stock is owned by company insiders.

Teledyne Technologies Stock Up 0.2%

NYSE:TDY opened at $635.01 on Friday. The business’s fifty day moving average price is $647.73 and its 200 day moving average price is $641.52. The firm has a market capitalization of $29.44 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.76 and a beta of 0.92. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $697.67.

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, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company posted $5.20 EPS. The business’s quarterly 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. On average, sell-side analysts forecast that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Needham & Company LLC boosted their price objective on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday. Zacks Research raised Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Barclays boosted their price target 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. Finally, Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $721.67.

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.