HighTower Advisors LLC Boosts Stake in Teledyne Technologies Incorporated $TDY

HighTower Advisors LLC increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 328.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,111 shares of the scientific and technical instruments company’s stock after acquiring an additional 20,783 shares during the period. HighTower Advisors LLC’s holdings in Teledyne Technologies were worth $18,080,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TDY. Trust Co. of Vermont purchased a new stake in shares of Teledyne Technologies during the 2nd quarter worth $28,000. Allied Private Wealth LLC purchased a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $28,000. Meeder Asset Management Inc. acquired a new stake in shares of Teledyne Technologies in the first quarter valued at about $27,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $33,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Teledyne Technologies during the second quarter worth about $35,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $605.33 on Wednesday. The stock has a market capitalization of $28.06 billion, a P/E ratio of 29.23, a P/E/G ratio of 2.66 and a beta of 0.91. Teledyne Technologies Incorporated has a 12-month low of $483.02 and a 12-month high of $697.67. 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 firm’s 50-day moving average is $645.39 and its two-hundred day moving average is $638.86.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, beating analysts’ consensus estimates of $5.79 by $0.49. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business posted $5.20 earnings per share. The company’s 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. Equities analysts predict that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Insider Buying and Selling at Teledyne Technologies

In related news, Director Simon Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction on 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 transaction, the director owned 55,783 shares in the company, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TDY. Stifel Nicolaus upped their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Zacks Research cut shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Citigroup upped their price target on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Barclays raised their price objective on shares of Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $721.67.

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.