39,396 Shares in Teledyne Technologies Incorporated $TDY Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, HoldingsChannel reports. The fund purchased 39,396 shares of the scientific and technical instruments company’s stock, valued at approximately $26,273,000.

Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Teledyne Technologies in the first quarter worth about $27,000. Allied Private Wealth LLC acquired a new stake in shares of Teledyne Technologies during the second quarter worth about $28,000. Trust Co. of Vermont purchased a new stake in Teledyne Technologies in the second quarter valued at approximately $28,000. DV Equities LLC acquired a new position in Teledyne Technologies in the 4th quarter worth approximately $33,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Teledyne Technologies in the 2nd quarter worth approximately $35,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Simon M. Lorne sold 6,449 shares of the firm’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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.36% of the company’s stock.

Teledyne Technologies Trading Down 1.7%

Shares of NYSE:TDY opened at $625.50 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 12-month low of $483.02 and a 12-month high of $697.67. The business has a 50 day moving average of $647.70 and a two-hundred day moving average of $641.61. The company has a market capitalization of $29.00 billion, a PE ratio of 30.20, a PEG ratio of 2.77 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $0.49. The business had revenue of $1.66 billion for 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 business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last 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. As a group, analysts forecast that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Stifel Nicolaus increased their price objective on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Finally, 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 research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average target price 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.