Bank of New York Mellon Corp Increases Holdings in Teledyne Technologies Incorporated $TDY

Bank of New York Mellon Corp lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.9% during the first quarter, HoldingsChannel.com reports. The firm owned 243,324 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,544 shares during the quarter. Bank of New York Mellon Corp’s holdings in Teledyne Technologies were worth $147,213,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teledyne Technologies in the 4th quarter worth about $28,000. DV Equities LLC bought a new stake in shares of Teledyne Technologies during the fourth quarter valued at about $33,000. Banque Cantonale Vaudoise bought a new stake in shares of Teledyne Technologies during the third quarter valued at about $43,000. eCIO Inc. purchased a new stake in shares of Teledyne Technologies in the fourth quarter worth about $47,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of Teledyne Technologies by 24.3% in the first quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock worth $56,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

TDY stock opened at $636.00 on Monday. The firm has a 50 day simple moving average of $626.41 and a two-hundred day simple moving average of $625.58. The stock has a market cap of $29.47 billion, a PE ratio of 32.17, a P/E/G ratio of 3.04 and a beta of 0.92. Teledyne Technologies Incorporated has a one year low of $483.02 and a one year high of $693.38. 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) last posted its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.48 by $0.32. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company posted $4.95 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. 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. On average, analysts predict that Teledyne Technologies Incorporated will post 24.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Barclays raised their price target on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Finally, Stifel Nicolaus upped their price target on shares of Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $694.14.

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.