Cannell & Spears LLC Increases Stock Position in Teledyne Technologies Incorporated $TDY

Key Points

• Cannell & Spears LLC boosted its stake in Teledyne Technologies (NYSE: TDY) by 38.2% in Q3 to 8,929 shares valued at roughly $5.23 million, amid overall institutional ownership of about 91.6%.
• Multiple analysts have raised price targets recently (Stifel to $720, Needham to $700), leaving an average target of $650.33 and a consensus rating of "Moderate Buy".
• Teledyne beat Q results with EPS of $6.30 and $1.61B revenue, set FY2026 guidance of 23.45–23.85 EPS, and insiders have sold roughly 11,500 shares (~$7.2M) in the last 90 days.

Cannell & Spears LLC lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 38.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,929 shares of the scientific and technical instruments company's stock after buying an additional 2,469 shares during the quarter. Cannell & Spears LLC's holdings in Teledyne Technologies were worth $5,233,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Banco Bilbao Vizcaya Argentaria S.A. boosted 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 acquiring an additional 878 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Teledyne Technologies by 6.4% during the third 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 in the last quarter. Chilton Investment Co. Inc. lifted its holdings in shares of Teledyne Technologies by 12.2% during the third quarter. Chilton Investment Co. Inc. now owns 14,617 shares of the scientific and technical instruments company's stock valued at $8,566,000 after purchasing an additional 1,585 shares during the last quarter. Bank of America Corp DE boosted its position 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 purchasing an additional 20,304 shares in the last quarter. Finally, 1248 Management LLC bought a new stake in shares of Teledyne Technologies in the 3rd quarter worth approximately $1,022,000. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TDY has been the topic of several recent research reports. Morgan Stanley upped their price target on Teledyne Technologies from $620.00 to $680.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 4th. Stifel Nicolaus boosted their target price on Teledyne Technologies from $645.00 to $720.00 and gave the stock a "buy" rating in a report on Thursday, January 22nd. Citigroup increased their target price on Teledyne Technologies from $567.00 to $604.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 13th. Barclays raised their price target on Teledyne Technologies from $579.00 to $599.00 and gave the company an "equal weight" rating in a report on Thursday, January 22nd. Finally, Needham & Company LLC upped their price target on shares of Teledyne Technologies from $615.00 to $700.00 and gave the stock a "buy" rating in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $650.33.

Teledyne Technologies Stock Down 1.1%

TDY stock opened at $639.41 on Monday. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $693.38. The business has a fifty day moving average price of $627.08 and a 200-day moving average price of $566.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.08. The stock has a market capitalization of $29.61 billion, a P/E ratio of 33.81, a P/E/G ratio of 3.16 and a beta of 0.99.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 EPS for the quarter, beating the consensus estimate of $5.83 by $0.47. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The company had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.57 billion. During the same period last year, the firm posted $5.52 earnings per share. Teledyne Technologies's revenue was up 7.3% compared to the same quarter last year. 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. Equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Activity

In other news, Vice Chairman Jason Vanwees sold 5,000 shares of the business'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 completion of the transaction, the insider directly owned 51,025 shares of the company's stock, valued at $32,192,693. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael T. Smith sold 2,469 shares of the business's 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 transaction, the director directly owned 47,328 shares of the company's stock, valued at $29,390,688. The trade was a 4.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,500 shares of company stock worth $7,214,750 in the last 90 days. Company insiders own 1.50% of the company's stock.

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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