New Institutional Market Stakes
Findlay Park Partners Expands Portfolio with New Stakes in Five Industrial and Financial Stocks
Key Points
In Teledyne Technologies (TDY), several analysts issued bullish signals in Q2: Citi raised TDY's price target to $680 with a neutral rating, Jefferies upgraded TDY to a strong-buy, and Zacks Research upgraded the rating to a strong-buy, with Weiss Ratings reaffirming a buy.
Woodward, Inc. (WWD) shows high institutional ownership, with hedge funds and other institutions owning 81.18% of the stock.
Waste Connections (WCN) also displays strong institutional ownership, with 86.09% of its stock held by institutional investors.
Schwab U.S. REIT ETF (SCHH) data shows SCHH has a market cap around $11.37 billion, with a price-earnings ratio of about 34.50 and a beta of 0.94; its 52-week range is roughly $20.63 to $25.03.
ITT Inc. (ITT) drew multiple price-target revisions in Q2, including DA Davidson to $265, Citi to $267, and Barclays to $230, with Weiss Ratings reiterating a buy rating.
Findlay Park Partners LLP made aggressive moves across U.S. equities in the second quarter, building five major new positions worth over $1.1 billion combined. The investment firm's largest bet was ITT Inc. (ITT), where it purchased 1,397,628 shares valued at approximately $276.4 million, making ITT its second-biggest holding at 3.7% of the portfolio Watchlist News. Teledyne Technologies (TDY) came in as the top position after Findlay Park acquired 415,899 shares worth about $277.4 million, also representing 3.7% of assets.
Industrial Giants Dominate Findlay Park's New Bets
Beyond ITT and Teledyne, Findlay Park spread bets across three other industrial and real estate names. The firm bought 545,220 shares of Woodward (WWD) for roughly $232 million, placing it as the seventh-largest position at 3.1% of the portfolio Watchlist News. Waste Connections (WCN) received 1,285,809 shares worth about $214.3 million, ranking ninth at 2.9% of holdings.
The firm also added 1,202,369 shares of the Schwab U.S. REIT ETF (SCHH) for approximately $110.9 million. This diversification across industrials, waste management, aerospace, and real estate reflects a strategy focused on established, profitable businesses rather than high-growth tech names.
Teledyne Gets Analyst Upgrades on Strong Fundamentals
Teledyne Technologies drew multiple analyst upgrades during Q2, signaling confidence in the aerospace and defense supplier. Jefferies upgraded TDY to strong-buy, while Zacks Research did the same, both backing Findlay Park's conviction in the stock Watchlist News. Citi raised its price target to $680 with a neutral rating, and Weiss Ratings reaffirmed a buy.
These upgrades suggest analysts see durable demand in Teledyne's core markets. The company's 3.7% weighting in Findlay Park's portfolio indicates the firm views it as a core long-term holding rather than a tactical trade.
ITT Inc. Sees Multiple Price-Target Revisions Higher
ITT Inc. also attracted analyst attention in Q2, with three major firms raising their price targets. DA Davidson set a $265 target, Citi lifted its to $267, and Barclays set $230 Watchlist News. Weiss Ratings reiterated a buy rating, reinforcing conviction across the sell-side research community.
ITT's position as Findlay Park's second-largest holding suggests the firm believes these upgrades reflect genuine operational improvements. The company manufactures fluid and motion control products for industrial and defense applications, a sector seeing strong demand cycles.
Strong Institutional Ownership Signals Safety in Picks
Findlay Park's new holdings show deep institutional backing. Woodward (WWD) is 81.18% owned by institutional investors, while Waste Connections (WCN) has even higher institutional ownership at 86.09% Watchlist News. This concentration means large, sophisticated investors already validate these companies' fundamentals.
The Schwab REIT ETF offers additional diversification. SCHH trades with a price-earnings ratio of 34.50 and a beta of 0.94, indicating it moves roughly in line with the broader market. Its 52-week range of $20.63 to $25.03 shows moderate volatility for an ETF holding.
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