Assenagon Asset Management S.A. Has $41.67 Million Stock Position in Teledyne Technologies Incorporated $TDY

Key Points

• Assenagon Asset Management cut its Teledyne Technologies stake by 14.6% in the second quarter, selling 10,695 shares and retaining 62,484 shares valued at approximately $41.67 million.
• Teledyne reported strong quarterly results, with earnings of $6.28 per share and revenue of $1.66 billion, beating estimates; revenue increased 9.8% year over year.
• TDY shares opened at $691, near their 52-week high, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus rating and an average price target of $715.83.

Assenagon Asset Management S.A. reduced its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,484 shares of the scientific and technical instruments company's stock after selling 10,695 shares during the period. Assenagon Asset Management S.A. owned approximately 0.13% of Teledyne Technologies worth $41,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Teledyne Technologies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company's stock worth $3,053,038,000 after acquiring an additional 66,984 shares in the last quarter. State Street Corp increased its holdings in Teledyne Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company's stock valued at $1,291,957,000 after purchasing an additional 61,135 shares in the last quarter. Janus Henderson Group PLC raised its position in Teledyne Technologies by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company's stock valued at $864,811,000 after purchasing an additional 9,824 shares during the last quarter. Dodge & Cox raised its position in Teledyne Technologies by 0.3% in the 4th quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company's stock valued at $860,754,000 after purchasing an additional 4,378 shares during the last quarter. Finally, FIL Ltd boosted its stake in Teledyne Technologies by 25.2% in the fourth quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company's stock worth $698,238,000 after purchasing an additional 274,976 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 0.5%

TDY opened at $691.00 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39. The company has a market cap of $32.03 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 3.01 and a beta of 0.92. The firm has a 50 day simple moving average of $637.26 and a 200 day simple moving average of $637.45. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $694.91.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the business posted $5.20 earnings per share. Teledyne Technologies's 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. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TDY shares. Jefferies Financial Group raised Teledyne Technologies to a "strong-buy" rating in a report on Wednesday, June 10th. Zacks Research raised shares of Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Citigroup raised their price objective on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Teledyne Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $715.83.

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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