Public Employees Retirement System of Ohio Buys New Position in Teledyne Technologies Incorporated $TDY

Public Employees Retirement System of Ohio bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 14,260 shares of the scientific and technical instruments company’s stock, valued at approximately $9,510,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDY. Geode Capital Management LLC boosted its holdings in shares of Teledyne Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company’s stock worth $649,524,000 after purchasing an additional 13,647 shares in the last quarter. Swedbank AB increased its position in shares of Teledyne Technologies by 26.6% during the 4th quarter. Swedbank AB now owns 22,155 shares of the scientific and technical instruments company’s stock valued at $11,315,000 after purchasing an additional 4,659 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Teledyne Technologies by 1.9% during the 1st quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company’s stock valued at $129,908,000 after buying an additional 4,062 shares in the last quarter. BlackRock Inc. bought a new stake in Teledyne Technologies in the 2nd quarter worth approximately $2,751,121,000. Finally, Bank of New York Mellon Corp lifted its position in Teledyne Technologies by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 243,324 shares of the scientific and technical instruments company’s stock worth $147,213,000 after buying an additional 4,544 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TDY shares. Citigroup increased their price target on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Stifel Nicolaus increased their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. Finally, Zacks Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $721.67.

Teledyne Technologies Trading Down 1.3%

NYSE TDY opened at $613.67 on Tuesday. The stock has a market cap of $28.45 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 2.71 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. The stock has a 50 day simple moving average of $648.09 and a two-hundred day simple moving average of $640.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18.

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, beating the consensus estimate of $5.79 by $0.49. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, analysts forecast that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the business’s stock in a transaction 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 transaction, the director directly owned 55,783 shares of the company’s stock, valued at approximately $37,951,406.22. The trade was 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 the SEC website. Insiders own 1.36% of the company’s stock.

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.