Sanctuary Advisors LLC cut its stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 7.9% in the first quarter, HoldingsChannel reports. The firm owned 9,595 shares of the scientific and technical instruments company’s stock after selling 825 shares during the quarter. Sanctuary Advisors LLC’s holdings in Teledyne Technologies were worth $5,805,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of TDY. Vanguard Group Inc. grew its position in shares of Teledyne Technologies by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company’s stock worth $3,053,038,000 after buying an additional 66,984 shares in the last quarter. State Street Corp raised its holdings in Teledyne Technologies by 2.9% in the third quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company’s stock valued at $1,291,957,000 after acquiring an additional 61,135 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Teledyne Technologies by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company’s stock worth $864,811,000 after acquiring an additional 9,824 shares during the last quarter. Dodge & Cox lifted its stake in Teledyne Technologies by 0.3% in the fourth quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company’s stock worth $860,754,000 after acquiring an additional 4,378 shares during the last quarter. Finally, FIL Ltd increased its position in shares of Teledyne Technologies by 25.2% in the 4th quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company’s stock valued at $698,238,000 after purchasing an additional 274,976 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Citigroup increased their target price on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Barclays raised their price target on Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Stifel Nicolaus upped their price objective on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $694.14.
Teledyne Technologies Stock Up 0.8%
Teledyne Technologies stock opened at $636.00 on Friday. The company has a market capitalization of $29.47 billion, a P/E ratio of 32.17, a PEG ratio of 3.04 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.76. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $693.38. The stock has a 50-day simple moving average of $626.41 and a 200-day simple moving average of $624.82.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.48 by $0.32. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the company posted $4.95 earnings per share. The firm’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. Equities research analysts expect that Teledyne Technologies Incorporated will post 24.1 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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