1248 Management LLC Takes Position in Teledyne Technologies Incorporated $TDY

Key Points

• 1248 Management LLC bought a new stake of 1,744 shares in Teledyne (NYSE:TDY) in Q3 valued at about $1.02M, representing roughly 0.6% of its portfolio and the firm’s 28th largest holding; institutional investors own 91.58% of the stock.
• Teledyne beat expectations last quarter with EPS of $6.30 (vs. $5.83 est.) and revenue of $1.61B (vs. $1.57B), and set FY2026 guidance of $23.45–$23.85 and Q1 guidance of $5.40–$5.50 while sell-side analysts on average expect ~21.55 EPS for the year.
• Insider selling totaled 11,500 shares (~$7.21M) in the past 90 days, even as analysts have raised price targets and the consensus rating is a "Moderate Buy" with a target of $650.33; the stock trades near $639 with a market cap of ~$29.6B and a P/E around 33.8.

1248 Management LLC bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,744 shares of the scientific and technical instruments company's stock, valued at approximately $1,022,000. Teledyne Technologies makes up about 0.6% of 1248 Management LLC's investment portfolio, making the stock its 28th biggest holding.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in shares of Teledyne Technologies by 75.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company's stock valued at $26,000 after buying an additional 22 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Teledyne Technologies in the third quarter worth about $26,000. Rexford Capital Inc. bought a new stake in Teledyne Technologies during the second quarter worth approximately $29,000. Banque Cantonale Vaudoise bought a new stake in Teledyne Technologies during the third quarter worth approximately $43,000. Finally, TruNorth Capital Management LLC purchased a new stake in Teledyne Technologies during the third quarter valued at approximately $46,000. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Trading Down 1.1%

Shares of NYSE TDY opened at $639.41 on Friday. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $693.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.64. The company has a market cap of $29.61 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 3.16 and a beta of 0.99. The business's 50 day moving average price is $627.08 and its 200-day moving average price is $566.46.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.83 by $0.47. The company had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.Teledyne Technologies's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.52 EPS. Teledyne Technologies has set its FY 2026 guidance at 23.450-23.850 EPS and its Q1 2026 guidance at 5.40-5.500 EPS. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 4th. Citigroup increased their price target on Teledyne Technologies from $567.00 to $604.00 and gave the company a "neutral" rating in a report on Tuesday, January 13th. Weiss Ratings restated a "buy (b-)" rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Barclays lifted their price objective on shares of Teledyne Technologies from $579.00 to $599.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 22nd. Finally, Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $615.00 to $700.00 and gave the company a "buy" rating in a research report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $650.33.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 2,469 shares of the company's stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $621.00, for a total value of $1,533,249.00. Following the transaction, the director directly owned 47,328 shares in the company, valued at $29,390,688. This represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Jason Vanwees sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $630.92, for a total transaction of $3,154,600.00. Following the transaction, the insider directly owned 51,025 shares in the company, valued at approximately $32,192,693. This trade represents a 8.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,500 shares of company stock worth $7,214,750 over the last 90 days. Insiders own 1.50% of the company's stock.

Teledyne Technologies Company 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.

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