Madison Asset Management LLC Makes New Investment in Teledyne Technologies Incorporated $TDY

Madison Asset Management LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 183,824 shares of the scientific and technical instruments company’s stock, valued at approximately $122,592,000. Teledyne Technologies comprises approximately 1.5% of Madison Asset Management LLC’s portfolio, making the stock its 18th biggest holding. Madison Asset Management LLC owned approximately 0.40% of Teledyne Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TDY. CX Institutional raised its holdings in shares of Teledyne Technologies by 2.8% in the 2nd quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company’s stock valued at $411,000 after purchasing an additional 17 shares during the period. CENTRAL TRUST Co grew its holdings in Teledyne Technologies by 24.3% during the first quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 18 shares during the period. Assetmark Inc. grew its holdings in Teledyne Technologies by 10.5% during the first quarter. Assetmark Inc. now owns 190 shares of the scientific and technical instruments company’s stock worth $115,000 after purchasing an additional 18 shares during the period. Parvin Asset Management LLC increased its position in Teledyne Technologies by 12.5% during the first quarter. Parvin Asset Management LLC now owns 180 shares of the scientific and technical instruments company’s stock worth $109,000 after buying an additional 20 shares during the last quarter. Finally, Cresset Asset Management LLC increased its position in Teledyne Technologies by 2.5% during the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock worth $425,000 after buying an additional 20 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling

In related news, Director Simon M. Lorne sold 6,449 shares of the firm’s stock in a transaction dated 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 of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Zacks Research upgraded Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Stifel Nicolaus raised their price target on Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Barclays lifted their price objective on shares of Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $721.67.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $649.11 on Thursday. The stock has a 50 day simple moving average of $647.32 and a 200 day simple moving average of $641.47. The stock has a market cap of $30.09 billion, a P/E ratio of 31.34, a PEG ratio of 2.89 and a beta of 0.92. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year 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.

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, beating analysts’ consensus estimates of $5.79 by $0.49. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Research analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

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.