Renaissance Technologies LLC Takes Position in Teledyne Technologies Incorporated $TDY

Renaissance Technologies LLC acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,787 shares of the scientific and technical instruments company’s stock, valued at approximately $3,501,000.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Teledyne Technologies in the first quarter worth about $27,000. DV Equities LLC bought a new position in Teledyne Technologies in the 4th quarter worth approximately $33,000. Banque Cantonale Vaudoise purchased a new position in Teledyne Technologies in the 3rd quarter valued at approximately $43,000. Wexford Capital LP purchased a new position in Teledyne Technologies in the 3rd quarter valued at approximately $54,000. Finally, CENTRAL TRUST Co raised its holdings in Teledyne Technologies by 24.3% during the 1st quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock valued at $56,000 after acquiring an additional 18 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDY has been the subject of a number of analyst reports. Needham & Company LLC raised their price target on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Stifel Nicolaus boosted their price objective on Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Zacks Research upgraded Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Finally, Citigroup lifted their target price on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Two research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $715.83.

Teledyne Technologies Trading Up 0.5%

Shares of TDY stock opened at $691.00 on Friday. The company has a market capitalization of $32.03 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.99 and a beta of 0.92. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $694.91. The business’s fifty day moving average is $637.26 and its 200 day moving average is $637.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS 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 analysts’ expectations of $1.58 billion. During the same period in the previous year, the business earned $5.20 earnings per share. The firm’s 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. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

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.