New York State Common Retirement Fund Boosts Stock Position in Teledyne Technologies Incorporated $TDY

New York State Common Retirement Fund raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 95.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,465 shares of the scientific and technical instruments company’s stock after purchasing an additional 28,065 shares during the period. New York State Common Retirement Fund’s holdings in Teledyne Technologies were worth $33,677,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Teledyne Technologies by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,841,524 shares of the scientific and technical instruments company’s stock worth $2,992,671,000 after acquiring an additional 123,229 shares in the last quarter. State Street Corp lifted its stake in Teledyne Technologies by 2.2% in the second quarter. State Street Corp now owns 2,143,419 shares of the scientific and technical instruments company’s stock valued at $1,098,095,000 after buying an additional 46,916 shares during the last quarter. Dodge & Cox bought a new stake in Teledyne Technologies in the 2nd quarter valued at about $767,307,000. Geode Capital Management LLC raised its holdings in shares of Teledyne Technologies by 2.3% during the second quarter. Geode Capital Management LLC now owns 1,242,610 shares of the scientific and technical instruments company’s stock valued at $635,107,000 after buying an additional 28,461 shares during the last quarter. Finally, Norges Bank acquired a new position in Teledyne Technologies during the 2nd quarter worth $317,986,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Transactions at Teledyne Technologies

In other news, Director Michael T. Smith sold 2,469 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the completion of the sale, the director directly owned 47,328 shares of the company’s stock, valued at $29,390,688. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TDY. Needham & Company LLC upped their price target on shares of Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley started coverage on Teledyne Technologies in a report on Wednesday, January 21st. They issued an “equal weight” rating and a $620.00 price objective for the company. Stifel Nicolaus lifted their target price on Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Barclays upped their price target on shares of Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $627.88.

Teledyne Technologies Price Performance

NYSE TDY opened at $619.75 on Friday. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $630.76. The stock’s 50-day moving average price is $537.88 and its two-hundred day moving average price is $543.34. The company has a market cap of $29.10 billion, a PE ratio of 32.77, a PEG ratio of 2.67 and a beta of 1.03. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.83 by $0.47. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.52 earnings per share. Teledyne Technologies has set its FY 2026 guidance at 23.450-23.850 EPS and its Q1 2026 guidance at 5.40-5.500 EPS. On average, analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.