39,360 Shares in Teledyne Technologies Incorporated $TDY Bought by Grandfield & Dodd LLC

Grandfield & Dodd LLC bought a new position in Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, Holdings Channel reports. The firm bought 39,360 shares of the scientific and technical instruments company’s stock, valued at approximately $26,250,000. Teledyne Technologies comprises about 1.4% of Grandfield & Dodd LLC’s portfolio, making the stock its 23rd largest holding.

A number of other large investors also recently bought and sold shares of TDY. Meeder Asset Management Inc. purchased a new stake in shares of Teledyne Technologies during the first quarter valued at $27,000. Allied Private Wealth LLC purchased a new position in Teledyne Technologies during the second quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new stake in shares of Teledyne Technologies during the second quarter valued at about $28,000. DV Equities LLC acquired a new stake in Teledyne Technologies in the fourth quarter valued at approximately $33,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Teledyne Technologies during the third quarter worth about $43,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction dated Wednesday, August 12th. The stock was 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 of the company’s stock, valued at $37,951,406.22. The trade was a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TDY has been the topic of several research reports. Zacks Research upgraded shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Citigroup boosted their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $721.67.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $677.74 on Tuesday. The company has a fifty day simple moving average of $645.44 and a two-hundred day simple moving average of $640.97. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $697.67. The company has a market cap of $31.42 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 2.96 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.79 by $0.49. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.Teledyne Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $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, equities analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share 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.