Empowered Funds LLC Makes New $1.98 Million Investment in Teledyne Technologies Incorporated $TDY

Empowered Funds LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,963 shares of the scientific and technical instruments company’s stock, valued at approximately $1,976,000.

A number of other hedge funds have also recently made changes to their positions in the company. United Capital Financial Advisors LLC bought a new position in shares of Teledyne Technologies in the second quarter worth $503,000. Equitable Holdings Inc. purchased a new stake in shares of Teledyne Technologies in the second quarter worth $350,000. Jefferies Financial Group Inc. bought a new stake in Teledyne Technologies during the second quarter valued at $2,159,000. Public Employees Retirement System of Ohio bought a new stake in Teledyne Technologies during the second quarter valued at $9,510,000. Finally, Pure Financial Advisors LLC purchased a new position in Teledyne Technologies during the second quarter worth about $221,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TDY shares. Barclays upped their target price on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Citigroup boosted their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Zacks Research lowered Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, 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 research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $721.67.

Insider Buying and Selling at Teledyne Technologies

In related news, Director Simon Lorne sold 6,449 shares of the firm’s 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 transaction, the director directly owned 55,783 shares of the company’s stock, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.36% of the company’s stock.

Teledyne Technologies Stock Up 0.1%

TDY opened at $606.69 on Friday. The stock has a market cap of $28.13 billion, a PE ratio of 29.29, a P/E/G ratio of 2.64 and a beta of 0.91. 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 business’s fifty day simple moving average is $647.53 and its 200 day simple moving average is $639.88.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (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 firm had revenue of $1.66 billion during 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 company’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. As a group, research analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal 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.