Rice Hall James & Associates LLC Takes $849,000 Position in Teledyne Technologies Incorporated $TDY

Rice Hall James & Associates LLC purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,273 shares of the scientific and technical instruments company’s stock, valued at approximately $849,000.

A number of other large investors also recently added to or reduced their stakes in TDY. Trust Co. of Vermont acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Teledyne Technologies during the second quarter worth about $89,191,000. OneDigital Investment Advisors LLC acquired a new position in shares of Teledyne Technologies during the 2nd quarter worth about $230,000. Simplicity Wealth LLC purchased a new position in Teledyne Technologies in the 2nd quarter valued at about $368,000. Finally, Old West Investment Management LLC purchased a new position in Teledyne Technologies in the 2nd quarter valued at about $2,841,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies 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 filing with the SEC, which can be accessed through this link. Insiders own 1.36% of the company’s stock.

Teledyne Technologies Stock Down 1.6%

TDY stock opened at $666.39 on Wednesday. The company has a market cap of $30.89 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 2.96 and a beta of 0.92. 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 Incorporated has a 12 month low of $483.02 and a 12 month high of $697.67. The firm has a 50-day moving average of $646.40 and a two-hundred day moving average of $641.30.

Teledyne Technologies (NYSE:TDY) last released its 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 business had revenue of $1.66 billion for the quarter, compared to analyst estimates 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 last year, the company 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 forecast that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on TDY. Barclays boosted their price objective 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. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. 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. Stifel Nicolaus boosted their price target on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley increased 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 equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.