Citigroup Inc. Acquires 29,796 Shares of Teledyne Technologies Incorporated $TDY

Citigroup Inc. grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 43.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,340 shares of the scientific and technical instruments company’s stock after purchasing an additional 29,796 shares during the quarter. Citigroup Inc. owned about 0.21% of Teledyne Technologies worth $57,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in Teledyne Technologies by 75.9% during the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 22 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Teledyne Technologies during the 3rd quarter valued at about $26,000. Rexford Capital Inc. bought a new position in shares of Teledyne Technologies in the 2nd quarter valued at approximately $29,000. First Horizon Advisors Inc. lifted its holdings in Teledyne Technologies by 52.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 27 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Teledyne Technologies by 193.1% in the 2nd quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 56 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $630.92, for a total value of $3,154,600.00. Following the sale, the insider owned 51,025 shares of the company’s stock, valued at $32,192,693. The trade was a 8.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael T. Smith sold 2,469 shares of the firm’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 of the company’s stock, valued at $29,390,688. The trade was a 4.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,500 shares of company stock valued at $7,214,750 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Teledyne Technologies Stock Up 0.7%

NYSE TDY opened at $673.33 on Tuesday. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $675.19. The stock has a market cap of $31.61 billion, a PE ratio of 35.61, a PEG ratio of 3.31 and a beta of 1.01. The firm has a 50-day simple moving average of $584.06 and a 200 day simple moving average of $554.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.64.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.83 by $0.47. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.52 earnings per share. 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. On average, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TDY. Jefferies Financial Group increased their price target on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a report on Monday. Needham & Company LLC raised their target price on shares of Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Barclays boosted their target price on shares of Teledyne Technologies from $579.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Citigroup raised their price target on Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Finally, 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. Seven 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, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average target price of $643.67.

Teledyne Technologies 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.