Candelo Capital Management LP Acquires 3,295 Shares of Teledyne Technologies Incorporated $TDY

Key Points

• Candelo Capital Management LP increased its stake in Teledyne Technologies by 27.2% during Q3, adding 3,295 shares to hold 15,401 shares (about 7.8% of its portfolio) valued at roughly $9.03 million.
• Analysts have raised price targets and ratings on TDY, with a MarketBeat consensus of "Moderate Buy" and a consensus target of $650.33; top targets go as high as $770 (Jefferies).
• Teledyne beat quarterly expectations with EPS of $6.30 vs. $5.83 expected and revenue of $1.61B, and issued FY2026 guidance of $23.45–$23.85 EPS and Q1 guidance of $5.40–$5.50.

Candelo Capital Management LP lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 27.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,401 shares of the scientific and technical instruments company's stock after acquiring an additional 3,295 shares during the period. Teledyne Technologies accounts for about 7.8% of Candelo Capital Management LP's investment portfolio, making the stock its largest position. Candelo Capital Management LP's holdings in Teledyne Technologies were worth $9,026,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Cannell & Spears LLC raised its stake in Teledyne Technologies by 38.2% during the 3rd quarter. Cannell & Spears LLC now owns 8,929 shares of the scientific and technical instruments company's stock valued at $5,233,000 after purchasing an additional 2,469 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Teledyne Technologies by 49.9% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,637 shares of the scientific and technical instruments company's stock worth $1,542,000 after purchasing an additional 878 shares during the period. California Public Employees Retirement System grew its stake in shares of Teledyne Technologies by 6.4% in the 3rd quarter. California Public Employees Retirement System now owns 83,992 shares of the scientific and technical instruments company's stock valued at $49,223,000 after purchasing an additional 5,045 shares during the period. Chilton Investment Co. Inc. raised its holdings in shares of Teledyne Technologies by 12.2% in the 3rd quarter. Chilton Investment Co. Inc. now owns 14,617 shares of the scientific and technical instruments company's stock worth $8,566,000 after buying an additional 1,585 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Teledyne Technologies by 3.2% in the 3rd quarter. Bank of America Corp DE now owns 660,368 shares of the scientific and technical instruments company's stock worth $387,002,000 after buying an additional 20,304 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on TDY shares. Jefferies Financial Group boosted their price target on Teledyne Technologies from $710.00 to $770.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $615.00 to $700.00 and gave the company a "buy" rating in a research note on Thursday, January 22nd. Citigroup upped their target price on shares of Teledyne Technologies from $567.00 to $604.00 and gave the stock a "neutral" rating in a report on Tuesday, January 13th. Finally, Morgan Stanley increased their target price on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 4th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $650.33.

Insider Buying and Selling

In other news, Vice Chairman Jason Vanwees sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, February 3rd. The shares were 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 represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael T. Smith sold 2,469 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the sale, the director directly owned 47,328 shares in the company, valued at $29,390,688. This trade represents a 4.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,500 shares of company stock worth $7,214,750 over the last quarter. 1.50% of the stock is owned by company insiders.

Teledyne Technologies Trading Down 1.1%

TDY stock opened at $639.41 on Friday. The business has a fifty day moving average price of $627.08 and a 200 day moving average price of $566.46. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $693.38. The stock has a market capitalization of $29.61 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 3.16 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.08.

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 EPS for the quarter, topping analysts' consensus estimates of $5.83 by $0.47. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The business's revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.52 earnings per share. 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. Analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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.

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