Madison Asset Management LLC cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,832 shares of the scientific and technical instruments company’s stock after selling 11,743 shares during the quarter. Teledyne Technologies comprises approximately 1.2% of Madison Asset Management LLC’s investment portfolio, making the stock its 20th biggest holding. Madison Asset Management LLC owned 0.45% of Teledyne Technologies worth $107,678,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in shares of Teledyne Technologies during the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teledyne Technologies during the 4th quarter worth approximately $28,000. Board of the Pension Protection Fund acquired a new position in Teledyne Technologies during the fourth quarter worth $41,000. Banque Cantonale Vaudoise acquired a new position in Teledyne Technologies during the third quarter worth $43,000. Finally, AlphaQuest LLC lifted its holdings in Teledyne Technologies by 7,700.0% during the third quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 77 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the stock. Jefferies Financial Group boosted their target price on shares of Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Morgan Stanley boosted their price target on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Stifel Nicolaus increased their price objective on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Barclays increased their target price on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and an average target price of $693.71.
Teledyne Technologies Trading Down 0.1%
Shares of TDY stock opened at $631.98 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38. The company’s 50-day moving average price is $639.48 and its 200-day moving average price is $586.59. The stock has a market cap of $29.28 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 3.03 and a beta of 0.97.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.48 by $0.32. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business earned $4.95 earnings per share. Teledyne Technologies’s revenue was up 7.6% compared to the same quarter last year. Teledyne Technologies has set its FY 2026 guidance at 23.850-24.150 EPS and its Q2 2026 guidance at 5.700-5.800 EPS. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 24.07 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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