1,824 Shares in Teledyne Technologies Incorporated $TDY Acquired by Commerce Bank

Commerce Bank acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,824 shares of the scientific and technical instruments company’s stock, valued at approximately $1,216,000.

A number of other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Teledyne Technologies in the second quarter valued at $351,000. Quantbot Technologies LP purchased a new position in shares of Teledyne Technologies in the second quarter valued at $115,000. Evolve Private Wealth LLC acquired a new position in shares of Teledyne Technologies during the 2nd quarter worth $501,000. Findlay Park Partners LLP purchased a new stake in shares of Teledyne Technologies in the 2nd quarter worth about $277,363,000. Finally, Westpac Banking Corp purchased a new stake in shares of Teledyne Technologies in the 2nd quarter worth about $2,109,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Simon M. Lorne sold 6,449 shares of the company’s 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 owned 55,783 shares of the company’s stock, valued at approximately $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 SEC, which is available at the SEC website. Insiders own 1.36% of the company’s stock.

Teledyne Technologies Trading Up 0.3%

Teledyne Technologies stock opened at $627.39 on Wednesday. The stock has a 50-day moving average price of $647.66 and a 200 day moving average price of $641.59. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $697.67. The stock has a market cap of $29.09 billion, a PE ratio of 30.29, a P/E/G ratio of 2.72 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 (EPS) for the quarter, beating 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 company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm earned $5.20 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. 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. Equities research analysts predict that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Citigroup upped their price target on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Stifel Nicolaus increased their price target on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley raised their price objective on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Finally, Zacks Research upgraded Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies 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.