Cookson Peirce & Co. Inc. Takes $2.92 Million Position in Teledyne Technologies Incorporated $TDY

Cookson Peirce & Co. Inc. bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,371 shares of the scientific and technical instruments company’s stock, valued at approximately $2,915,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CX Institutional grew its holdings in Teledyne Technologies by 2.8% in the second quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company’s stock worth $411,000 after purchasing an additional 17 shares during the period. CENTRAL TRUST Co raised its holdings in shares of Teledyne Technologies by 24.3% during the first quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 18 shares during the period. Assetmark Inc. raised its holdings in shares of Teledyne Technologies by 10.5% during the first quarter. Assetmark Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $115,000 after purchasing an additional 18 shares during the period. Parvin Asset Management LLC boosted its position in shares of Teledyne Technologies by 12.5% during the 1st quarter. Parvin Asset Management LLC now owns 180 shares of the scientific and technical instruments company’s stock worth $109,000 after purchasing an additional 20 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its position in shares of Teledyne Technologies by 2.5% during the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock worth $425,000 after purchasing an additional 20 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies 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 $37,951,406.22. The trade was a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TDY has been the subject of a number of research analyst reports. Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Needham & Company LLC increased their price target on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Citigroup boosted their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Stifel Nicolaus upped their target price on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Zacks Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $721.67.

Teledyne Technologies Stock Down 0.9%

TDY stock opened at $621.17 on Friday. The firm has a market capitalization of $28.80 billion, a PE ratio of 29.99, a P/E/G ratio of 2.71 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $697.67. The stock’s 50 day moving average is $648.14 and its 200-day moving average is $641.34.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.49. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.Teledyne Technologies’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Sell-side analysts expect that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal 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.