Teledyne Technologies Incorporated $TDY Stock Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Teledyne Technologies stake by 235.7% in the third quarter, buying 147,297 additional shares for a total holding worth approximately $127.3 million. Institutional investors collectively own 91.58% of TDY.
• Analyst sentiment remains positive but measured, with a consensus “Moderate Buy” rating and an average price target of $723.33. Recent recommendations range from “Hold” to “Buy,” while one director sold 6,449 shares for about $4.39 million.
• Teledyne reported quarterly EPS of $6.28, exceeding estimates by $0.49, while revenue rose 9.8% year over year to $1.66 billion. Shares opened at $616.68, below the 52-week high of $697.67.

Assenagon Asset Management S.A. lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 235.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 209,781 shares of the scientific and technical instruments company's stock after buying an additional 147,297 shares during the period. Assenagon Asset Management S.A. owned approximately 0.45% of Teledyne Technologies worth $127,297,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Mather Group LLC. grew its stake in shares of Teledyne Technologies by 30.5% during the third quarter. Mather Group LLC. now owns 496 shares of the scientific and technical instruments company's stock valued at $301,000 after acquiring an additional 116 shares in the last quarter. Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Teledyne Technologies by 5.5% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 1,979 shares of the scientific and technical instruments company's stock worth $1,201,000 after acquiring an additional 104 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new position in shares of Teledyne Technologies in the third quarter worth about $369,000. Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in shares of Teledyne Technologies by 4.2% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 5,647 shares of the scientific and technical instruments company's stock worth $3,427,000 after acquiring an additional 229 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new position in Teledyne Technologies in the third quarter valued at about $56,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TDY has been the subject of several recent analyst reports. Zacks Research lowered shares of Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Citigroup increased their price target on shares of Teledyne Technologies from $677.00 to $680.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. Needham & Company LLC increased their target price on Teledyne Technologies from $750.00 to $760.00 and gave the stock a "buy" rating in a report on Tuesday, September 15th. Finally, Barclays increased their target price on Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $723.33.

Insider Activity

In other news, Director Simon Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the transaction, the director owned 55,783 shares in the company, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.36% of the stock is owned by insiders.

Teledyne Technologies Trading Down 0.5%

Shares of TDY stock opened at $616.68 on Friday. The stock has a 50-day simple moving average of $622.69 and a 200 day simple moving average of $630.65. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67. The stock has a market capitalization of $28.59 billion, a P/E ratio of 25.88, a P/E/G ratio of 2.70 and a beta of 0.89. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the firm earned $5.20 earnings per share. Teledyne Technologies's revenue for the quarter was up 9.8% compared to the same quarter last year. Teledyne Technologies has set its FY 2026 guidance at 24.450-24.650 EPS and its Q3 2026 guidance at 6.050-6.150 EPS. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Teledyne Technologies Profile

Teledyne Technologies Incorporated NYSE: TDY is an industrial technology company that develops and manufactures advanced instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products are used in scientific research, industrial automation, environmental monitoring, aviation, space, defense, and other specialized applications.

The company's offerings include sensors, cameras, machine-vision systems, data-acquisition equipment, test and measurement instruments, marine and airborne imaging systems, and monitoring and control technologies.

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