183,824 Shares in Teledyne Technologies Incorporated $TDY Acquired by Madison Asset Management LLC

Madison Asset Management LLC acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 183,824 shares of the scientific and technical instruments company’s stock, valued at approximately $122,592,000. Teledyne Technologies accounts for approximately 1.5% of Madison Asset Management LLC’s portfolio, making the stock its 18th largest position.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays upped 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 report on Friday, July 24th. Stifel Nicolaus raised 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 restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Citigroup upped their price target on shares of Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley increased their price target on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $721.67.

Insider Activity

In other 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 completion of the transaction, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.36% of the company’s stock.

Teledyne Technologies Trading Down 2.4%

TDY opened at $649.11 on Thursday. The company has a market cap of $30.09 billion, a P/E ratio of 31.34, a PEG ratio of 2.89 and a beta of 0.92. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $647.32 and its 200-day moving average is $641.47. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $697.67.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.79 by $0.49. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $5.20 EPS. 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 research analysts predict that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

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.