Sumitomo Life Insurance Co. Makes New Investment in Teledyne Technologies Incorporated $TDY

Sumitomo Life Insurance Co. purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 2,774 shares of the scientific and technical instruments company’s stock, valued at approximately $1,850,000.

A number of other large investors also recently modified their holdings of TDY. BlackRock Inc. acquired a new stake in Teledyne Technologies in the second quarter worth about $2,751,121,000. Norges Bank bought a new position in Teledyne Technologies in the 4th quarter valued at about $428,664,000. FIL Ltd increased its stake in Teledyne Technologies by 25.2% during 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 buying an additional 274,976 shares during the period. Bank of New York Mellon Corp acquired a new position in Teledyne Technologies during the 2nd quarter valued at about $152,577,000. Finally, Madison Asset Management LLC bought a new stake in shares of Teledyne Technologies during the 2nd quarter worth about $122,592,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Simon M. Lorne sold 6,449 shares of the firm’s stock in a transaction that occurred 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 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 is available at the SEC website. 1.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TDY. Stifel Nicolaus upped their price target on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Barclays raised their price objective on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Morgan Stanley upped their target price on Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Citigroup increased their price target on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday. Two equities 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 company’s 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.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $635.01 on Friday. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $697.67. 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 stock has a market cap of $29.44 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.76 and a beta of 0.92. The company’s 50-day moving average price is $647.73 and its two-hundred day moving average price is $641.52.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.49. The company had revenue of $1.66 billion during 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 for the quarter was up 9.8% on a year-over-year basis. During the same quarter last 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, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Teledyne Technologies 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.