Old West Investment Management LLC Buys Shares of 4,260 Teledyne Technologies Incorporated $TDY

Old West Investment Management LLC bought a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,260 shares of the scientific and technical instruments company’s stock, valued at approximately $2,841,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Teledyne Technologies by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company’s stock worth $3,053,038,000 after acquiring an additional 66,984 shares in the last quarter. State Street Corp raised its position in shares of Teledyne Technologies by 2.9% during the third quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company’s stock worth $1,291,957,000 after purchasing an additional 61,135 shares during the period. Janus Henderson Group PLC raised its position in shares of Teledyne Technologies by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company’s stock worth $864,811,000 after purchasing an additional 9,824 shares during the period. Dodge & Cox lifted its holdings in shares of Teledyne Technologies by 0.3% during the 4th quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company’s stock valued at $860,754,000 after purchasing an additional 4,378 shares in the last quarter. Finally, FIL Ltd grew its position in shares of Teledyne Technologies by 25.2% in the 4th quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company’s stock valued at $698,238,000 after purchasing an additional 274,976 shares during the period. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Trading Up 0.0%

NYSE TDY opened at $680.00 on Monday. The stock has a market capitalization of $31.52 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.96 and a beta of 0.92. The stock’s 50 day moving average price is $644.14 and its two-hundred day moving average price is $640.54. 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 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, topping analysts’ consensus estimates of $5.79 by $0.49. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Simon M. Lorne sold 6,449 shares of the 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays increased their target price on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Zacks Research upgraded shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Morgan Stanley raised their price objective on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a report on Thursday. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $721.67.

About Teledyne Technologies

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.