Danske Bank A S Invests $24.71 Million in Teledyne Technologies Incorporated $TDY

Danske Bank A S purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 37,057 shares of the scientific and technical instruments company’s stock, valued at approximately $24,713,000. Danske Bank A S owned about 0.08% of Teledyne Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TDY. Trust Co. of Vermont acquired a new stake in Teledyne Technologies in the second quarter worth $28,000. Allied Private Wealth LLC acquired a new position in shares of Teledyne Technologies during the second quarter valued at $28,000. Meeder Asset Management Inc. bought a new position in Teledyne Technologies in the 1st quarter worth about $27,000. DV Equities LLC bought a new position in Teledyne Technologies in the 4th quarter worth about $33,000. Finally, CoreCap Advisors LLC increased its stake in shares of Teledyne Technologies by 94.6% in the second quarter. CoreCap Advisors LLC now owns 72 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Buying and Selling

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction that occurred 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 transaction, the director directly owned 55,783 shares in the company, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.36% of the company’s stock.

Teledyne Technologies Price Performance

TDY stock opened at $649.11 on Thursday. Teledyne Technologies Incorporated has a one year low of $483.02 and a one year high of $697.67. The firm has a 50-day moving average of $647.32 and a two-hundred day moving average of $641.47. The firm has a market capitalization of $30.09 billion, a PE ratio of 31.34, a P/E/G 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.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $5.20 earnings per share. 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. On average, analysts forecast that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TDY shares. Barclays lifted their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Stifel Nicolaus lifted 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. Citigroup increased their target price on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Morgan Stanley raised their target price on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Two 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 company’s stock. According to MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average price target 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.