IFM Investors Pty Ltd Buys Shares of 9,209 Teledyne Technologies Incorporated $TDY

IFM Investors Pty Ltd purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the first quarter, HoldingsChannel reports. The fund purchased 9,209 shares of the scientific and technical instruments company’s stock, valued at approximately $5,572,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TDY. Norges Bank bought a new stake in Teledyne Technologies during the 4th quarter worth approximately $428,664,000. Mariner LLC raised its holdings in Teledyne Technologies by 7,237.2% during the 3rd quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock worth $181,385,000 after buying an additional 305,337 shares during the period. FIL Ltd lifted its stake in Teledyne Technologies by 25.2% in the fourth 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 in the last quarter. Dodge & Cox boosted its holdings in shares of Teledyne Technologies by 12.2% in the third quarter. Dodge & Cox now owns 1,680,962 shares of the scientific and technical instruments company’s stock valued at $985,111,000 after buying an additional 183,222 shares during the period. Finally, Invesco Ltd. increased its position in shares of Teledyne Technologies by 25.7% during the third quarter. Invesco Ltd. now owns 764,905 shares of the scientific and technical instruments company’s stock worth $448,265,000 after acquiring an additional 156,559 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Needham & Company LLC lifted their price target on Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, Stifel Nicolaus lifted their target price on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $694.14.

Teledyne Technologies Stock Performance

Shares of TDY opened at $652.53 on Friday. The stock has a market capitalization of $30.23 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 3.13 and a beta of 0.92. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $693.38. The firm has a fifty day simple moving average of $627.69 and a 200 day simple moving average of $616.26. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.48 by $0.32. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business earned $4.95 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. Teledyne Technologies has set its FY 2026 guidance at 23.850-24.150 EPS and its Q2 2026 guidance at 5.700-5.800 EPS. Research analysts forecast that Teledyne Technologies Incorporated will post 24.01 EPS for the current fiscal year.

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.