Teledyne Technologies Incorporated $TDY Shares Sold by Martingale Asset Management L P

Key Points

• Martingale Asset Management cut its stake in Teledyne by 10.1% in Q3, selling 2,702 shares and leaving a position of 24,012 shares worth roughly $14.07 million.
• Insiders sold 11,500 shares totaling about $7.21 million in the last three months (including Director Michael T. Smith and Vice Chairman Jason Vanwees), reducing insider ownership to 1.50%.
• Analysts remain broadly positive — seven Buys vs three Holds — giving Teledyne a consensus rating of Moderate Buy and a consensus price target of $650.33, with several firms raising targets (Jefferies to $770, Needham to $700).

Martingale Asset Management L P cut its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,012 shares of the scientific and technical instruments company's stock after selling 2,702 shares during the quarter. Martingale Asset Management L P owned about 0.05% of Teledyne Technologies worth $14,072,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. increased its position in shares of Teledyne Technologies by 75.9% during the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 22 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Teledyne Technologies during the third quarter worth about $26,000. Rexford Capital Inc. acquired a new position in Teledyne Technologies during the 2nd quarter worth about $29,000. Banque Cantonale Vaudoise purchased a new stake in Teledyne Technologies in the 3rd quarter worth approximately $43,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Teledyne Technologies during the third quarter worth $46,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TDY shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $615.00 to $700.00 and gave the stock a "buy" rating in a research report on Thursday, January 22nd. Barclays raised their target price on shares of Teledyne Technologies from $579.00 to $599.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 22nd. Citigroup lifted their price target on Teledyne Technologies from $567.00 to $604.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 13th. Finally, Jefferies Financial Group upped their price objective on shares of Teledyne Technologies from $710.00 to $770.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Teledyne Technologies has an average rating of "Moderate Buy" and a consensus price target of $650.33.

Insider Transactions at Teledyne Technologies

In related news, Director Michael T. Smith sold 2,469 shares of the company's stock in a transaction 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 completion of the transaction, the director owned 47,328 shares in the company, valued at approximately $29,390,688. This represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $3,154,600.00. Following the completion of the sale, the insider owned 51,025 shares of the company's stock, valued at $32,192,693. The trade was a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,500 shares of company stock worth $7,214,750 over the last three months. 1.50% of the stock is owned by company insiders.

Teledyne Technologies Price Performance

NYSE TDY opened at $647.15 on Friday. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $693.38. The stock's fifty day moving average price is $624.68 and its 200 day moving average price is $565.62. 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 company has a market cap of $29.97 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 3.24 and a beta of 0.99.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results 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. The firm had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The firm's revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $5.52 EPS. 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. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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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