Teledyne Technologies Incorporated $TDY Stock Sold by EULAV Asset Management

Key Points

• EULAV Asset Management cut its Teledyne Technologies stake by 26% in the third quarter, selling 32,687 shares and retaining 93,213 shares worth approximately $56.6 million. Institutional investors collectively own 91.58% of TDY.
• Teledyne reported quarterly EPS of $6.72, beating estimates by $0.55, while revenue reached $1.68 billion, up 9.4% year over year and above expectations.
• Analyst sentiment remains generally positive, with several firms raising price targets; MarketBeat reports a “Moderate Buy” consensus rating and an average target of $729.17.

EULAV Asset Management lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 26.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,213 shares of the scientific and technical instruments company's stock after selling 32,687 shares during the period. Teledyne Technologies accounts for approximately 2.0% of EULAV Asset Management's portfolio, making the stock its 8th largest position. EULAV Asset Management owned 0.20% of Teledyne Technologies worth $56,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDY. BlackRock Inc. acquired a new stake in Teledyne Technologies in the second quarter valued at $2,751,121,000. Jupiter Topco LLC purchased a new stake in Teledyne Technologies during the 2nd quarter worth about $1,027,237,000. Bank of America Corp DE purchased a new stake in Teledyne Technologies during the 2nd quarter worth about $406,938,000. Findlay Park Partners LLP purchased a new stake in Teledyne Technologies during the 2nd quarter worth about $277,363,000. Finally, Maren Capital LLC boosted its position in shares of Teledyne Technologies by 4.1% during the 2nd quarter. Maren Capital LLC now owns 376,928 shares of the scientific and technical instruments company's stock worth $251,373,000 after acquiring an additional 14,806 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Stock Performance

NYSE TDY opened at $625.65 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.31 and a quick ratio of 1.51. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $697.67. The company has a market capitalization of $29.01 billion, a PE ratio of 28.59, a P/E/G ratio of 2.30 and a beta of 0.89. The company has a fifty day moving average of $616.98 and a two-hundred day moving average of $631.14.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.17 by $0.55. Teledyne Technologies had a return on equity of 10.89% and a net margin of 15.75%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the company posted $5.57 earnings per share. The business's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts expect that Teledyne Technologies Incorporated will post 25.59 earnings per share for the current year.

Insider Activity

In related news, Director Simon Lorne sold 6,449 shares of the firm's stock in a transaction that occurred 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 $37,951,406.22. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.36% of the stock is currently owned by company insiders.

Teledyne Technologies News Summary

Here are the key news stories impacting Teledyne Technologies this week:

• Positive Sentiment: Record quarterly performance lifted guidance. Teledyne reported third-quarter earnings of $6.72 per share, above the $6.17 consensus estimate, while revenue of $1.68 billion exceeded expectations of $1.65 billion and increased 9.4% year over year. Management also raised its 2026 outlook following record profit and sales. Teledyne Technologies Q3 Earnings Lift Guidance After Record Profit
• Positive Sentiment: Analysts raised valuation targets after the results. Stifel lifted its target to $795 from $775 and retained a Buy rating; Needham raised its target to $775 from $760 and assigned a Buy rating; and BNP Paribas increased its target to $780 from $760. These targets imply substantial potential upside from the referenced trading level. Stifel Price Target Needham Price Target BNP Paribas Price Target
• Positive Sentiment: Digital imaging growth remains an upside driver. Bank of America reiterated its Buy rating, citing the record quarter, raised 2026 guidance and continued growth in digital imaging as reasons for further upside. Bank of America Rating
• Neutral Sentiment: Analyst sentiment is not unanimous across technology stocks, but the TDY-specific coverage provided is predominantly constructive, with multiple target increases following the earnings release. Analyst Sentiment Article

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Zacks Research downgraded Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Needham & Company LLC raised their target price on Teledyne Technologies from $760.00 to $775.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley boosted their target price on Teledyne Technologies from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 13th. Barclays upped their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $729.17.

About Teledyne Technologies

Teledyne Technologies Incorporated NYSE: TDY is an industrial technology company that develops and manufactures sophisticated electronic, digital imaging, aerospace and defense products. Its offerings are used in commercial, industrial, scientific, government and defense applications where sensing, imaging, measurement and data processing are important.

The company's businesses include digital imaging sensors and cameras, scientific instruments, environmental and marine monitoring systems, aerospace and defense electronics, communications equipment, data-acquisition systems and engineered components.

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