Freestone Grove Partners LP Invests $2.40 Million in Teledyne Technologies Incorporated $TDY

Freestone Grove Partners LP bought a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,605 shares of the scientific and technical instruments company’s stock, valued at approximately $2,404,000.

Several other institutional investors have also added to or reduced their stakes in the company. CX Institutional grew its holdings in shares of Teledyne Technologies by 2.8% in the second quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company’s stock valued at $411,000 after purchasing an additional 17 shares in the last quarter. CENTRAL TRUST Co raised its stake in Teledyne Technologies by 24.3% during the first quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 18 shares in the last quarter. Assetmark Inc. raised its stake in Teledyne Technologies by 10.5% during the first quarter. Assetmark Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $115,000 after purchasing an additional 18 shares in the last quarter. Parvin Asset Management LLC lifted its position in 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 valued at $109,000 after purchasing an additional 20 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its position in Teledyne Technologies by 2.5% during 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 purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of NYSE:TDY opened at $621.17 on Friday. 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 capitalization of $28.80 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 2.73 and a beta of 0.92. The firm’s 50-day moving average is $648.14 and its 200 day moving average is $641.34.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data 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 net margin of 15.29% and a return on equity of 10.56%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm earned $5.20 earnings per share. The firm’s quarterly 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. Research analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current year.

Insider Buying and Selling at Teledyne Technologies

In related news, Director Simon M. Lorne sold 6,449 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TDY shares. Zacks Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Barclays lifted their price target on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research report 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 research note on Wednesday, July 1st. Finally, Needham & Company LLC upped their price objective on Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus price target 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.