Cramer Rosenthal Mcglynn LLC trimmed its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,559 shares of the scientific and technical instruments company's stock after selling 3,598 shares during the quarter. Teledyne Technologies accounts for about 1.8% of Cramer Rosenthal Mcglynn LLC's portfolio, making the stock its 15th largest position. Cramer Rosenthal Mcglynn LLC owned approximately 0.11% of Teledyne Technologies worth $29,630,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Prudential Financial Inc. increased its stake in Teledyne Technologies by 9.5% during the 2nd quarter. Prudential Financial Inc. now owns 27,290 shares of the scientific and technical instruments company's stock valued at $13,981,000 after purchasing an additional 2,369 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Teledyne Technologies by 105.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,345 shares of the scientific and technical instruments company's stock valued at $6,649,000 after buying an additional 5,825 shares during the last quarter. Vanguard Group Inc. raised its stake in Teledyne Technologies by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,910,808 shares of the scientific and technical instruments company's stock worth $3,463,970,000 after acquiring an additional 69,284 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Teledyne Technologies by 843.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 23,001 shares of the scientific and technical instruments company's stock worth $13,480,000 after acquiring an additional 20,562 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in Teledyne Technologies during the 3rd quarter worth about $25,153,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on TDY. Barclays increased their price objective on Teledyne Technologies from $579.00 to $599.00 and gave the company an "equal weight" rating in a report on Thursday, January 22nd. Citigroup raised their price target on shares of Teledyne Technologies from $567.00 to $604.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 13th. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $615.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. Morgan Stanley increased their price objective on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Stifel Nicolaus boosted their target price on shares of Teledyne Technologies from $645.00 to $720.00 and gave the company a "buy" rating in a research report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $650.33.
Get Our Latest Report on Teledyne Technologies
Insider Transactions at Teledyne Technologies
In related news, Vice Chairman Jason Vanwees sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The stock was 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 directly owned 2,644 shares in the company, valued at approximately $1,666,936.24. The trade was a 48.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael T. Smith sold 2,469 shares of the firm's stock in a transaction on 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 completion of the transaction, the director owned 47,328 shares in the company, valued at $29,390,688. The trade was a 4.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,500 shares of company stock valued at $7,214,750 in the last three months. Corporate insiders own 1.50% of the company's stock.
Teledyne Technologies Stock Down 4.1%
TDY opened at $654.88 on Friday. The company has a fifty day moving average of $610.96 and a two-hundred day moving average of $561.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.64. 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 $30.33 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 3.38 and a beta of 0.99.
Teledyne Technologies (NYSE:TDY - Get Free Report) last issued 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 analyst estimates of $1.57 billion. During the same period last year, the company earned $5.52 earnings per share. Teledyne Technologies's quarterly 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. On average, research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.
About Teledyne Technologies
(
Free Report)
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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