Jennison Associates LLC Trims Holdings in Teledyne Technologies Incorporated $TDY

Key Points

• Jennison Associates trimmed its stake in Teledyne by 24.8%, selling 10,826 shares and finishing the quarter with 32,757 shares worth $16.73 million, while institutional investors own about 91.58% of the stock.
• Teledyne beat Q1 estimates with $5.80 EPS (vs. $5.48 expected) and $1.56 billion in revenue, and set FY2026 guidance of 23.85–24.15 EPS (Q2 guidance 5.70–5.80).
• Several analysts raised price targets (e.g., Jefferies to $770, Needham to $735), leaving the consensus rating as a Moderate Buy with an average target of $693.71.

Jennison Associates LLC trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,757 shares of the scientific and technical instruments company's stock after selling 10,826 shares during the period. Jennison Associates LLC owned about 0.07% of Teledyne Technologies worth $16,730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC lifted its holdings in Teledyne Technologies by 2.0% in the 4th quarter. Personal CFO Solutions LLC now owns 808 shares of the scientific and technical instruments company's stock valued at $413,000 after purchasing an additional 16 shares in the last quarter. US Asset Management LLC lifted its holdings in Teledyne Technologies by 3.5% in the 4th quarter. US Asset Management LLC now owns 508 shares of the scientific and technical instruments company's stock valued at $259,000 after purchasing an additional 17 shares in the last quarter. Modera Wealth Management LLC lifted its holdings in Teledyne Technologies by 1.2% in the 4th quarter. Modera Wealth Management LLC now owns 1,519 shares of the scientific and technical instruments company's stock valued at $776,000 after purchasing an additional 18 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Teledyne Technologies by 3.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 636 shares of the scientific and technical instruments company's stock valued at $373,000 after purchasing an additional 20 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in Teledyne Technologies by 2.5% in the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company's stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TDY. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $700.00 to $735.00 and gave the company a "buy" rating in a research note on Wednesday, April 22nd. Jefferies Financial Group upped their price objective on shares of Teledyne Technologies from $710.00 to $770.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. Stifel Nicolaus upped their price objective on shares of Teledyne Technologies from $720.00 to $750.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Citigroup upped their price objective on shares of Teledyne Technologies from $649.00 to $677.00 and gave the company a "neutral" rating in a research note on Thursday, April 2nd. Finally, Barclays upped their price objective on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an "equal weight" rating in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $693.71.

Insider Transactions at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $630.46, for a total transaction of $1,576,150.00. Following the completion of the sale, the insider owned 2,644 shares of the company's stock, valued at approximately $1,666,936.24. This represents a 48.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.36% of the company's stock.

Teledyne Technologies Trading Down 0.8%

NYSE TDY opened at $640.76 on Friday. Teledyne Technologies Incorporated has a 12 month low of $465.91 and a 12 month high of $693.38. The company has a 50-day moving average of $644.93 and a 200-day moving average of $583.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16. The company has a market cap of $29.69 billion, a P/E ratio of 32.41, a P/E/G ratio of 3.06 and a beta of 0.97.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.48 by $0.32. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The company's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.95 EPS. Teledyne Technologies has set its FY 2026 guidance at 23.850-24.150 EPS and its Q2 2026 guidance at 5.700-5.800 EPS. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 24.07 earnings per share for the current 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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