SteelPeak Wealth LLC lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 110.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,871 shares of the scientific and technical instruments company’s stock after buying an additional 982 shares during the quarter. SteelPeak Wealth LLC’s holdings in Teledyne Technologies were worth $1,132,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in TDY. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teledyne Technologies during the 4th quarter valued at approximately $28,000. DV Equities LLC bought a new stake in Teledyne Technologies during the 4th quarter worth approximately $33,000. Board of the Pension Protection Fund bought a new stake in Teledyne Technologies during the 4th quarter worth approximately $41,000. Banque Cantonale Vaudoise purchased a new position in Teledyne Technologies during the third quarter valued at approximately $43,000. Finally, eCIO Inc. purchased a new position in Teledyne Technologies during the fourth quarter valued at approximately $47,000. 91.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on TDY. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Stifel Nicolaus lifted their target price on shares of Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Needham & Company LLC upped their target price on shares of Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Citigroup increased their price target on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $694.14.
Teledyne Technologies Stock Performance
NYSE:TDY opened at $636.00 on Friday. The company has a market cap of $29.47 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 3.02 and a beta of 0.92. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $693.38. The stock’s 50 day simple moving average is $626.41 and its two-hundred day simple moving average is $624.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16.
Teledyne Technologies (NYSE:TDY – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.48 by $0.32. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company earned $4.95 EPS. The company’s quarterly 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. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 24.1 earnings per share for the current fiscal year.
Teledyne Technologies 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.
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