Whalen Wealth Management Inc. Buys New Position in Teledyne Technologies Incorporated $TDY

Whalen Wealth Management Inc. purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, HoldingsChannel reports. The firm purchased 802 shares of the scientific and technical instruments company’s stock, valued at approximately $535,000.

Several other hedge funds also recently made changes to their positions in TDY. Vanguard Group Inc. boosted 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 buying an additional 66,984 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Teledyne Technologies during the 2nd quarter worth $2,751,121,000. State Street Corp grew its holdings in shares of Teledyne Technologies by 2.9% in the 3rd 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 acquiring an additional 61,135 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Teledyne Technologies by 0.6% in the 4th 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 acquiring an additional 9,824 shares during the last quarter. Finally, Dodge & Cox raised its position in shares of Teledyne Technologies by 0.3% during the fourth quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company’s stock worth $860,754,000 after purchasing an additional 4,378 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Buying and Selling

In related news, Director Simon M. Lorne sold 6,449 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total value of $4,387,512.66. Following the completion of the transaction, the director directly 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 is available through this hyperlink. 1.36% of the stock is currently owned by company insiders.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $625.50 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $647.70 and a 200-day simple moving average of $641.61. The stock has a market capitalization of $29.00 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.77 and a beta of 0.92. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $697.67.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.79 by $0.49. The company had revenue of $1.66 billion for 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 firm’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $5.20 earnings per share. 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 expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on TDY shares. Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Barclays boosted their price target on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Zacks Research upgraded shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.