Findlay Park Partners LLP Takes $277.36 Million Position in Teledyne Technologies Incorporated $TDY

Findlay Park Partners LLP bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, HoldingsChannel.com reports. The firm bought 415,899 shares of the scientific and technical instruments company’s stock, valued at approximately $277,363,000. Teledyne Technologies accounts for 3.7% of Findlay Park Partners LLP’s portfolio, making the stock its biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDY. Westpac Banking Corp purchased a new stake in shares of Teledyne Technologies in the 2nd quarter valued at approximately $2,109,000. Sumitomo Life Insurance Co. purchased a new stake in shares of Teledyne Technologies during the 2nd quarter worth $1,850,000. Korea Investment CORP acquired a new position in shares of Teledyne Technologies during the second quarter worth $12,630,000. Callan Family Office LLC acquired a new position in shares of Teledyne Technologies during the second quarter worth $4,421,000. Finally, Heartland Advisors Inc. purchased a new position in Teledyne Technologies in the second quarter valued at $27,642,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Simon M. Lorne sold 6,449 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 55,783 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

TDY has been the subject of a number of recent analyst reports. Zacks Research raised Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Morgan Stanley increased their price objective on Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Needham & Company LLC raised their target price on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday. Finally, Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Teledyne Technologies presently has an average rating of “Moderate Buy” and an average price target of $721.67.

Teledyne Technologies Stock Up 0.2%

TDY opened at $635.01 on Friday. Teledyne Technologies Incorporated has a one year low of $483.02 and a one year high of $697.67. 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 market capitalization of $29.44 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 2.77 and a beta of 0.92. The business’s 50-day simple moving average is $647.73 and its 200-day simple moving average is $641.52.

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