Palisade Capital Management LP Acquires New Stake in Teledyne Technologies Incorporated $TDY

Palisade Capital Management LP bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 26,262 shares of the scientific and technical instruments company’s stock, valued at approximately $17,514,000. Teledyne Technologies comprises approximately 0.8% of Palisade Capital Management LP’s portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. CX Institutional increased its stake in Teledyne Technologies by 2.8% during the 2nd quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company’s stock worth $411,000 after buying an additional 17 shares during the period. CENTRAL TRUST Co grew its stake in shares of Teledyne Technologies by 24.3% in the first quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock worth $56,000 after acquiring an additional 18 shares in the last quarter. Assetmark Inc. grew its stake in shares of Teledyne Technologies by 10.5% in the first quarter. Assetmark Inc. now owns 190 shares of the scientific and technical instruments company’s stock worth $115,000 after acquiring an additional 18 shares in the last quarter. Parvin Asset Management LLC increased its position in shares of Teledyne Technologies by 12.5% during the first quarter. Parvin Asset Management LLC now owns 180 shares of the scientific and technical instruments company’s stock worth $109,000 after acquiring an additional 20 shares during the period. Finally, Cresset Asset Management LLC raised its stake in shares of Teledyne Technologies by 2.5% in the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after acquiring an additional 20 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on TDY shares. Morgan Stanley boosted their target price on Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. Needham & Company LLC raised their target price on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Stifel Nicolaus lifted 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. Finally, Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $721.67.

Insider Activity at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total value of $4,387,512.66. Following the transaction, 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 legal filing with the SEC, which is available through this link. 1.36% of the stock is owned by insiders.

Teledyne Technologies Stock Up 0.3%

Teledyne Technologies stock opened at $627.39 on Wednesday. The company has a market capitalization of $29.09 billion, a P/E ratio of 30.29, a PEG ratio of 2.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67. The stock has a 50-day simple moving average of $647.66 and a 200-day simple moving average of $641.59.

Teledyne Technologies (NYSE:TDY) last released 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. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company posted $5.20 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. 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. Equities research analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current 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.