Elevation Point Wealth Partners LLC Invests $878,000 in Teledyne Technologies Incorporated $TDY

Elevation Point Wealth Partners LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,317 shares of the scientific and technical instruments company’s stock, valued at approximately $878,000.

Several other large investors have also recently bought and sold shares of TDY. BlackRock Inc. acquired a new position in shares of Teledyne Technologies during the second quarter valued at $2,751,121,000. Norges Bank bought a new stake in Teledyne Technologies during the 4th quarter worth about $428,664,000. Findlay Park Partners LLP bought a new stake in Teledyne Technologies during the 2nd quarter worth about $277,363,000. FIL Ltd lifted its position in Teledyne Technologies by 25.2% during the 4th quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company’s stock valued at $698,238,000 after purchasing an additional 274,976 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Teledyne Technologies during the 2nd quarter valued at about $152,577,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of TDY opened at $625.50 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18. The stock has a 50 day simple moving average of $647.70 and a 200 day simple moving average of $641.61. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. The firm has a market capitalization of $29.00 billion, a PE ratio of 30.20, a P/E/G ratio of 2.77 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. 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. Sell-side analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Analyst Ratings Changes

TDY has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Barclays lifted their price objective on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Morgan Stanley upped their price target on Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $721.67.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the 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 transaction, the director owned 55,783 shares in the company, valued at approximately $37,951,406.22. This represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.