Wealthfront Advisers LLC Purchases New Holdings in Teledyne Technologies Incorporated $TDY

Wealthfront Advisers LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 5,217 shares of the scientific and technical instruments company’s stock, valued at approximately $3,479,000.

Several other institutional investors have also recently made changes to their positions in TDY. Trust Co. of Vermont bought a new stake in shares of Teledyne Technologies during the 2nd quarter worth approximately $28,000. Allied Private Wealth LLC bought a new position in shares of Teledyne Technologies in the second quarter valued at $28,000. Meeder Asset Management Inc. acquired a new position in Teledyne Technologies during the first quarter worth $27,000. DV Equities LLC acquired a new stake in Teledyne Technologies in the fourth quarter valued at $33,000. Finally, CoreCap Advisors LLC lifted its stake in Teledyne Technologies by 94.6% in the second quarter. CoreCap Advisors LLC now owns 72 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

NYSE TDY opened at $634.38 on Friday. The stock has a market cap of $29.41 billion, a PE ratio of 30.63, a P/E/G ratio of 2.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18. The firm has a 50-day moving average of $647.53 and a 200-day moving average of $641.57. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.49. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Insider Activity at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,449 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was 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 in the company, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TDY. Barclays boosted 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. Stifel Nicolaus raised their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Needham & Company LLC boosted their price target on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley upped their price objective on Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Two investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.