Mitsubishi UFJ Asset Management Co. Ltd. Makes New $89.19 Million Investment in Teledyne Technologies Incorporated $TDY

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 133,739 shares of the scientific and technical instruments company’s stock, valued at approximately $89,191,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.29% of Teledyne Technologies as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in Teledyne Technologies in the first quarter valued at $27,000. Allied Private Wealth LLC acquired a new stake in Teledyne Technologies during the second quarter worth about $28,000. DV Equities LLC acquired a new stake in Teledyne Technologies during the fourth quarter worth about $33,000. Banque Cantonale Vaudoise purchased a new position in shares of Teledyne Technologies in the 3rd quarter worth about $43,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Teledyne Technologies by 94.6% in the 2nd quarter. CoreCap Advisors LLC now owns 72 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 35 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Morgan Stanley raised their target price on shares of Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, Barclays lifted their target price on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $721.67.

Insider Buying and Selling

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director directly owned 55,783 shares of the company’s stock, valued at $37,951,406.22. This represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.36% of the stock is owned by corporate insiders.

Teledyne Technologies Stock Down 1.6%

Shares of NYSE:TDY opened at $666.39 on Wednesday. The company has a market capitalization of $30.89 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92. The company has a 50 day moving average of $646.40 and a two-hundred day moving average of $641.30. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. 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 (NYSE:TDY) last announced its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.49. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.20 earnings per share. 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, analysts forecast 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.