Redwood Investment Management LLC Makes New $1.05 Million Investment in Teledyne Technologies Incorporated $TDY

Redwood Investment Management LLC bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the first quarter, Holdings Channel reports. The fund bought 1,738 shares of the scientific and technical instruments company’s stock, valued at approximately $1,052,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDY. Norges Bank bought a new stake in Teledyne Technologies during the 4th quarter worth approximately $428,664,000. FIL Ltd boosted its holdings in Teledyne Technologies by 25.2% in 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 purchasing an additional 274,976 shares during the period. Invesco Ltd. boosted its holdings in Teledyne Technologies by 25.7% in the 3rd quarter. Invesco Ltd. now owns 764,905 shares of the scientific and technical instruments company’s stock valued at $448,265,000 after purchasing an additional 156,559 shares during the period. Hsbc Holdings PLC grew its position in shares of Teledyne Technologies by 81.8% during the 4th quarter. Hsbc Holdings PLC now owns 216,171 shares of the scientific and technical instruments company’s stock valued at $110,495,000 after purchasing an additional 97,281 shares in the last quarter. Finally, Moore Capital Management LP bought a new position in shares of Teledyne Technologies in the fourth quarter worth $41,615,000. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Up 0.2%

Shares of NYSE TDY opened at $657.18 on Monday. Teledyne Technologies Incorporated has a one year low of $483.02 and a one year high of $693.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39. The firm’s 50 day simple moving average is $631.29 and its two-hundred day simple moving average is $633.84. The stock has a market capitalization of $30.47 billion, a P/E ratio of 31.73, a PEG ratio of 2.85 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping the consensus estimate of $5.79 by $0.49. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm 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. As a group, analysts expect that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Analysts Set New Price Targets

TDY has been the topic of a number of research analyst reports. Zacks Research upgraded Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Needham & Company LLC boosted their price objective on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Barclays upped their price objective on shares of Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $715.83.

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.