OP Asset Management Ltd Purchases New Position in Teledyne Technologies Incorporated $TDY

OP Asset Management Ltd acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,682 shares of the scientific and technical instruments company’s stock, valued at approximately $2,833,000.

A number of other hedge funds have also bought and sold shares of TDY. Jones Financial Companies Lllp increased its stake in Teledyne Technologies by 874.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock worth $970,000 after acquiring an additional 1,749 shares during the last quarter. Empowered Funds LLC increased its position in shares of Teledyne Technologies by 78.6% in the first quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock worth $772,000 after purchasing an additional 683 shares during the last quarter. Focus Partners Wealth raised its stake in Teledyne Technologies by 48.4% in the first quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock valued at $416,000 after purchasing an additional 272 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Teledyne Technologies during the second quarter valued at approximately $5,590,000. Finally, Cresset Asset Management LLC lifted 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 valued at $425,000 after purchasing an additional 20 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Down 0.4%

Shares of NYSE:TDY opened at $624.53 on Friday. The stock has a market capitalization of $28.93 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. The stock’s 50-day moving average price is $626.45 and its 200-day moving average price is $611.42. The company has a current ratio of 1.76, a quick ratio of 1.16 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 $693.38.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.48 by $0.32. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the company posted $4.95 EPS. Teledyne Technologies’s revenue for the quarter was up 7.6% on a year-over-year basis. Teledyne Technologies has set its FY 2026 guidance at 23.850-24.150 EPS and its Q2 2026 guidance at 5.700-5.800 EPS. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 24.01 earnings per share for the current year.

Analyst Ratings Changes

TDY has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on shares of Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Barclays lifted their price objective on shares of Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Morgan Stanley increased their target price on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Citigroup raised their price target on Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Finally, Needham & Company LLC lifted their price target on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned 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 price target of $693.71.

About Teledyne Technologies

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.