Michael Smith Sells 1,531 Shares of Teledyne Technologies (NYSE:TDY) Stock

Teledyne Technologies Incorporated (NYSE:TDY) Director Michael Smith sold 1,531 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $621.00, for a total value of $950,751.00. Following the sale, the director directly owned 49,797 shares of the company’s stock, valued at $30,923,937. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Teledyne Technologies Stock Down 0.9%

NYSE:TDY opened at $619.75 on Friday. The stock has a fifty day simple moving average of $537.88 and a 200-day simple moving average of $543.34. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. The company has a market cap of $29.10 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 2.67 and a beta of 1.03. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $630.76.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 EPS for the quarter, topping the consensus estimate of $5.83 by $0.47. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm 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. Analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Hedge Funds Weigh In On Teledyne Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lecap Asset Management Ltd. bought a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $808,000. Prudential Financial Inc. grew its holdings in Teledyne Technologies by 9.5% in the second quarter. Prudential Financial Inc. now owns 27,290 shares of the scientific and technical instruments company’s stock worth $13,981,000 after purchasing an additional 2,369 shares during the last quarter. Synergy Asset Management LLC acquired a new position in shares of Teledyne Technologies during the third quarter worth $25,153,000. State of Alaska Department of Revenue lifted its holdings in shares of Teledyne Technologies by 52.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 8,016 shares of the scientific and technical instruments company’s stock valued at $4,697,000 after purchasing an additional 2,746 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Teledyne Technologies by 84.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,522 shares of the scientific and technical instruments company’s stock worth $13,199,000 after purchasing an additional 10,321 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TDY shares. Morgan Stanley began coverage on Teledyne Technologies in a research note on Wednesday, January 21st. They issued an “equal weight” rating and a $620.00 price objective on the stock. Citigroup increased their price target on Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Barclays increased their target price on shares of Teledyne Technologies from $579.00 to $599.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Finally, Needham & Company LLC boosted their price target on shares of Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $627.88.

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.