Van ECK Associates Corp Acquires 1,742 Shares of Teledyne Technologies Incorporated $TDY

Van ECK Associates Corp grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 51.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,155 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,742 shares during the period. Van ECK Associates Corp’s holdings in Teledyne Technologies were worth $3,438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nissay Asset Management Corp Japan boosted its stake in shares of Teledyne Technologies by 6.7% in the second quarter. Nissay Asset Management Corp Japan now owns 74,302 shares of the scientific and technical instruments company’s stock valued at $49,552,000 after buying an additional 4,672 shares during the period. Braun Stacey Associates Inc. raised its holdings in Teledyne Technologies by 29.7% in the 2nd quarter. Braun Stacey Associates Inc. now owns 35,581 shares of the scientific and technical instruments company’s stock valued at $23,729,000 after acquiring an additional 8,148 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Teledyne Technologies by 3.7% during the 2nd quarter. Wellington Management Group LLP now owns 10,892 shares of the scientific and technical instruments company’s stock valued at $7,264,000 after acquiring an additional 388 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of Teledyne Technologies during the 2nd quarter worth $224,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Teledyne Technologies in the second quarter worth $1,244,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their price objective 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. 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. 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. Barclays lifted their price objective on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Citigroup boosted their price objective on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. One investment 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $721.67.

Teledyne Technologies Stock Up 0.1%

TDY stock opened at $606.69 on Friday. The firm has a 50-day moving average price of $647.53 and a 200-day moving average price of $639.88. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $697.67. 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 stock has a market capitalization of $28.13 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 2.64 and a beta of 0.91.

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. 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 analysts’ expectations of $1.58 billion. During the same period in the prior year, the company earned $5.20 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. 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, equities research analysts anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In related news, Director Simon Lorne sold 6,449 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was 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 of the company’s stock, valued at $37,951,406.22. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.36% of the stock is currently owned by company insiders.

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.