Danica Pension Livsforsikringsaktieselskab Purchases Shares of 10,785 Teledyne Technologies Incorporated $TDY

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, HoldingsChannel.com reports. The firm purchased 10,785 shares of the scientific and technical instruments company’s stock, valued at approximately $7,193,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDY. BlackRock Inc. purchased a new position in Teledyne Technologies in the 2nd quarter valued at approximately $2,751,121,000. Norges Bank acquired a new position in Teledyne Technologies during the fourth quarter worth $428,664,000. FIL Ltd boosted its position in Teledyne Technologies by 25.2% during the fourth quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company’s stock worth $698,238,000 after purchasing an additional 274,976 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Teledyne Technologies in the second quarter valued at $152,577,000. Finally, Invesco Ltd. grew its holdings in Teledyne Technologies by 25.7% in the third quarter. Invesco Ltd. now owns 764,905 shares of the scientific and technical instruments company’s stock valued at $448,265,000 after purchasing an additional 156,559 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insiders Place Their Bets

In other news, Director Simon M. Lorne sold 6,449 shares of the company’s stock in a transaction dated 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 owned 55,783 shares of the company’s stock, valued at $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 available at this hyperlink. Company insiders own 1.36% of the company’s stock.

Teledyne Technologies Stock Down 1.6%

TDY opened at $666.39 on Wednesday. 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 $646.40 and a two-hundred day moving average of $641.30. 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 stock has a market capitalization of $30.89 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, topping analysts’ consensus estimates of $5.79 by $0.49. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. Teledyne Technologies’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $5.20 earnings per share. 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. On average, research analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on TDY shares. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Needham & Company LLC increased their price target 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. Citigroup raised their price objective on shares of Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Stifel Nicolaus lifted their price objective on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $721.67.

Teledyne Technologies Company 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.