Teledyne Technologies Incorporated $TDY Position Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 105.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,345 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,825 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Teledyne Technologies were worth $6,649,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cresset Asset Management LLC grew its stake in shares of Teledyne Technologies by 2.5% in the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after buying an additional 20 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Teledyne Technologies by 3.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 636 shares of the scientific and technical instruments company’s stock valued at $373,000 after acquiring an additional 20 shares during the last quarter. Fourpath Capital Management LLC grew its position in Teledyne Technologies by 3.0% in the second quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock worth $366,000 after acquiring an additional 21 shares in the last quarter. Nvest Financial LLC increased its stake in shares of Teledyne Technologies by 1.3% during the 2nd quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock worth $837,000 after purchasing an additional 21 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Teledyne Technologies by 75.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 22 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of recent research reports. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus upped their price target on Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Barclays increased their price objective on Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Morgan Stanley initiated coverage on Teledyne Technologies in a report on Wednesday, January 21st. They issued an “equal weight” rating and a $620.00 target price for the company. Finally, Citigroup upped their target price on Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $627.88.

Teledyne Technologies Trading Down 0.9%

Shares of TDY stock opened at $619.75 on Friday. The firm has a market capitalization of $29.10 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 2.67 and a beta of 1.03. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $630.76. The firm’s fifty day simple moving average is $537.88 and its 200 day simple moving average is $543.40. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.83 by $0.47. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the business posted $5.52 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. 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. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael T. Smith sold 2,469 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the transaction, the director directly owned 47,328 shares in the company, valued at $29,390,688. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

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.