Core Capital Management & Research inc. Buys New Stake in Teledyne Technologies Incorporated $TDY

Core Capital Management & Research inc. purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 4,781 shares of the scientific and technical instruments company’s stock, valued at approximately $3,035,000. Teledyne Technologies accounts for 1.6% of Core Capital Management & Research inc.’s investment portfolio, making the stock its 23rd biggest position.

Other institutional investors have also modified their holdings of the company. Trust Co. of Vermont purchased a new stake in shares of Teledyne Technologies in the second quarter worth about $28,000. Allied Private Wealth LLC purchased a new position in Teledyne Technologies during the second quarter valued at approximately $28,000. Meeder Asset Management Inc. acquired a new position in Teledyne Technologies in the first quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. acquired a new position in Teledyne Technologies in the second quarter valued at approximately $33,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Teledyne Technologies in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TDY. Barclays raised 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 note on Friday, July 24th. Morgan Stanley increased their price target 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. Stifel Nicolaus raised 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Finally, Zacks Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $721.67.

Teledyne Technologies Stock Down 1.7%

Shares of TDY opened at $595.03 on Thursday. The firm has a market cap of $27.59 billion, a P/E ratio of 28.73, a PEG ratio of 2.63 and a beta of 0.91. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $697.67. The stock’s 50 day moving average is $644.05 and its two-hundred day moving average is $638.36. 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 announced 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 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 company posted $5.20 EPS. The business’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. Analysts predict that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated (NYSE: TDY) is an industrial technology company that develops and manufactures advanced instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products are used in scientific research, industrial automation, environmental monitoring, medical imaging, transportation, and government and defense applications.

The company’s offerings include sensors, cameras, machine-vision systems, data-acquisition equipment, marine and environmental instruments, space and airborne imaging systems, and electronic components for aerospace and defense platforms.