Teledyne Technologies (NYSE:TDY) Director Michael Smith Sells 2,469 Shares

Teledyne Technologies Incorporated (NYSE:TDY) Director Michael Smith sold 2,469 shares of Teledyne Technologies stock in a transaction that occurred 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 sale, the director owned 47,328 shares of the company’s stock, valued at approximately $29,390,688. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Teledyne Technologies Trading Up 0.8%

Shares of Teledyne Technologies stock opened at $625.16 on Friday. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $630.76. 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 stock has a market cap of $29.35 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 2.65 and a beta of 1.03. The firm has a fifty day moving average price of $535.36 and a 200 day moving average price of $542.76.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.83 by $0.47. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $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. Equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Hedge Funds Weigh In On Teledyne Technologies

Several hedge funds and other institutional investors have recently modified their holdings of TDY. Dodge & Cox purchased a new stake in Teledyne Technologies during the 2nd quarter valued at about $767,307,000. Norges Bank acquired a new stake in shares of Teledyne Technologies in the second quarter valued at approximately $317,986,000. Mariner LLC lifted its position in Teledyne Technologies by 7,237.2% during the third quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock worth $181,385,000 after buying an additional 305,337 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in Teledyne Technologies during the third quarter worth $129,791,000. Finally, Public Sector Pension Investment Board increased its stake in shares of Teledyne Technologies by 4,520.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock worth $120,982,000 after acquiring an additional 201,972 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley initiated coverage on Teledyne Technologies in a research report on Wednesday, January 21st. They set an “equal weight” rating and a $620.00 target price on the stock. Needham & Company LLC raised their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus upped their target price on Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Finally, Barclays upped their price objective 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. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $627.88.

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.