Teledyne Technologies Incorporated $TDY Position Boosted by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,319 shares of the scientific and technical instruments company’s stock after acquiring an additional 972 shares during the quarter. NEOS Investment Management LLC’s holdings in Teledyne Technologies were worth $4,881,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Teledyne Technologies by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company’s stock valued at $649,524,000 after buying an additional 13,647 shares during the period. Swedbank AB lifted its stake in shares of Teledyne Technologies by 26.6% in the 4th quarter. Swedbank AB now owns 22,155 shares of the scientific and technical instruments company’s stock worth $11,315,000 after acquiring an additional 4,659 shares during the period. Royal Bank of Canada boosted its holdings in shares of Teledyne Technologies by 1.9% in the first quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company’s stock valued at $129,908,000 after acquiring an additional 4,062 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Teledyne Technologies by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 243,324 shares of the scientific and technical instruments company’s stock valued at $147,213,000 after acquiring an additional 4,544 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in shares of Teledyne Technologies during the second quarter valued at approximately $2,751,121,000. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TDY shares. Needham & Company LLC upped their target price on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. Morgan Stanley boosted their price objective on Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Citigroup raised their target price on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Finally, Stifel Nicolaus lifted their target price on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $721.67.

Insider Buying and Selling

In other news, Director Simon 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 value of $4,387,512.66. Following the transaction, the director directly owned 55,783 shares of the company’s stock, valued at $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 SEC, which is available at this link. Corporate insiders own 1.36% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $610.34 on Monday. The stock’s fifty day simple moving average is $647.25 and its 200 day simple moving average is $639.54. The stock has a market capitalization of $28.30 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 2.66 and a beta of 0.91. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, beating the consensus estimate of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $5.20 earnings per share. Teledyne Technologies’s 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. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

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.