Commerce Bank Invests $1.22 Million in Teledyne Technologies Incorporated $TDY

Commerce Bank purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,824 shares of the scientific and technical instruments company’s stock, valued at approximately $1,216,000.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $351,000. Quantbot Technologies LP purchased a new position in shares of Teledyne Technologies in the 2nd quarter worth $115,000. Evolve Private Wealth LLC purchased a new position in shares of Teledyne Technologies in the 2nd quarter worth $501,000. Findlay Park Partners LLP acquired a new position in Teledyne Technologies in the second quarter valued at $277,363,000. Finally, Westpac Banking Corp purchased a new stake in Teledyne Technologies during the second quarter valued at about $2,109,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 0.3%

Shares of NYSE TDY opened at $627.39 on Wednesday. The stock has a fifty day moving average price of $647.66 and a 200 day moving average price of $641.59. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 12-month low of $483.02 and a 12-month high of $697.67. The company has a market cap of $29.09 billion, a P/E ratio of 30.29, a P/E/G ratio of 2.72 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm posted $5.20 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. 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. Research analysts anticipate that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Insider Activity at Teledyne Technologies

In related news, Director Simon M. 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 sale, the director directly owned 55,783 shares in the company, 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 can be accessed through this link. Insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Citigroup upped 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Morgan Stanley increased their target price on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Barclays lifted their price target on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $721.67.

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.