Simon Lorne Sells 6,449 Shares of Teledyne Technologies (NYSE:TDY) Stock

Teledyne Technologies Incorporated (NYSE:TDY) Director Simon Lorne sold 6,449 shares of Teledyne Technologies 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 sale, the director directly owned 55,783 shares in the company, valued at $37,951,406.22. This represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Teledyne Technologies Stock Performance

TDY opened at $673.49 on Friday. The firm’s fifty day simple moving average is $642.59 and its two-hundred day simple moving average is $640.03. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. The company has a market cap of $31.22 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 2.99 and a beta of 0.92. 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 (NYSE:TDY) last released its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping 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 business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $5.20 earnings per share. The company’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 analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TDY shares. Citigroup lifted their price target on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Morgan Stanley lifted their target price 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. Stifel Nicolaus increased their target price 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. Finally, Zacks Research raised shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $721.67.

Hedge Funds Weigh In On Teledyne Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDY. Meeder Asset Management Inc. purchased a new position in shares of Teledyne Technologies during the 1st quarter worth $27,000. Allied Private Wealth LLC purchased a new stake in shares of Teledyne Technologies in the second quarter valued at about $28,000. Trust Co. of Vermont purchased a new position in Teledyne Technologies during the second quarter worth about $28,000. DV Equities LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at about $33,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Teledyne Technologies in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

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.