Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,253 shares of the scientific and technical instruments company’s stock after selling 2,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned 0.06% of Teledyne Technologies worth $13,919,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new stake in shares of Teledyne Technologies during the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Teledyne Technologies during the fourth quarter worth about $28,000. Board of the Pension Protection Fund purchased a new stake in Teledyne Technologies during the fourth quarter worth about $41,000. Banque Cantonale Vaudoise purchased a new stake in Teledyne Technologies during the third quarter worth about $43,000. Finally, AlphaQuest LLC increased 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 worth $46,000 after buying an additional 77 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
TDY has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Citigroup raised their price objective on shares of Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Morgan Stanley raised their price objective on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Jefferies Financial Group raised their target price on Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Barclays raised their target price on Teledyne Technologies from $603.00 to $614.00 and gave the stock 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 issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $693.71.
Teledyne Technologies Price Performance
TDY opened at $602.48 on Friday. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.88 and a beta of 0.94. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $629.17 and a 200-day moving average price of $598.87. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38.
Teledyne Technologies (NYSE:TDY – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.48 by $0.32. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $4.95 earnings per share. 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. Equities analysts expect that Teledyne Technologies Incorporated will post 24.01 EPS for the current year.
About Teledyne Technologies
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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