Korea Investment CORP Acquires New Stake in Teledyne Technologies Incorporated $TDY

Korea Investment CORP bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 18,938 shares of the scientific and technical instruments company’s stock, valued at approximately $12,630,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. Vanguard Group Inc. grew its holdings in Teledyne Technologies by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company’s stock worth $3,053,038,000 after acquiring an additional 66,984 shares during the period. BlackRock Inc. bought a new stake in Teledyne Technologies during the second quarter worth approximately $2,751,121,000. State Street Corp boosted its stake in shares of Teledyne Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company’s stock worth $1,291,957,000 after acquiring an additional 61,135 shares in the last quarter. Janus Henderson Group PLC increased its stake in Teledyne Technologies by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company’s stock worth $864,811,000 after purchasing an additional 9,824 shares in the last quarter. Finally, Dodge & Cox raised its holdings in shares of Teledyne Technologies by 0.3% during the fourth quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company’s stock valued at $860,754,000 after acquiring an additional 4,378 shares during the period. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TDY has been the subject of a number of research analyst reports. Barclays increased their target price 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. Morgan Stanley increased their price target on Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Stifel Nicolaus lifted their price target on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday. Finally, Citigroup lifted their price target on shares of Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Two research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $721.67.

Insider Activity

In other news, Director Simon M. Lorne sold 6,449 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 55,783 shares in the company, valued at $37,951,406.22. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.36% of the stock is owned by corporate insiders.

Teledyne Technologies Trading Down 0.2%

TDY opened at $635.01 on Monday. The firm has a 50 day simple moving average of $647.73 and a 200 day simple moving average of $641.72. 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 has a market cap of $29.44 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.77 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 $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 business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm earned $5.20 earnings per share. The firm’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 anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current 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.