236,178 Shares in Teledyne Technologies Incorporated $TDY Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, Holdings Channel.com reports. The firm bought 236,178 shares of the scientific and technical instruments company’s stock, valued at approximately $157,507,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in shares of Teledyne Technologies during the second quarter worth $28,000. Allied Private Wealth LLC acquired a new position in Teledyne Technologies in the second quarter valued at $28,000. Meeder Asset Management Inc. bought a new stake in Teledyne Technologies during the first quarter valued at $27,000. C M Bidwell & Associates Ltd. acquired a new stake in Teledyne Technologies during the 2nd quarter worth about $35,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Teledyne Technologies during the 2nd quarter worth about $38,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 1.1%

TDY stock opened at $633.88 on Thursday. The stock’s 50 day simple moving average is $648.02 and its 200 day simple moving average is $641.63. The company has a market cap of $29.39 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 2.73 and a beta of 0.92. 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 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, beating 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 analysts’ expectations of $1.58 billion. During the same quarter last year, the firm posted $5.20 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TDY shares. Zacks Research raised Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Stifel Nicolaus boosted their price target on Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley increased their price target on Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Finally, Barclays lifted their price objective on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Two equities research 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 data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average price target of $721.67.

Insider Buying and Selling

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