AIA Group Ltd Acquires 986 Shares of Teledyne Technologies Incorporated $TDY

AIA Group Ltd increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 131.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,738 shares of the scientific and technical instruments company’s stock after acquiring an additional 986 shares during the quarter. AIA Group Ltd’s holdings in Teledyne Technologies were worth $1,019,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Teledyne Technologies by 3.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 636 shares of the scientific and technical instruments company’s stock worth $373,000 after buying an additional 20 shares during the period. Cresset Asset Management LLC increased its stake in shares of Teledyne Technologies by 2.5% during the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock worth $425,000 after purchasing an additional 20 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in Teledyne Technologies by 2.4% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 969 shares of the scientific and technical instruments company’s stock worth $568,000 after purchasing an additional 23 shares during the last quarter. Snowden Capital Advisors LLC boosted its stake in Teledyne Technologies by 2.1% in the 2nd quarter. Snowden Capital Advisors LLC now owns 1,099 shares of the scientific and technical instruments company’s stock valued at $563,000 after purchasing an additional 23 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its stake in Teledyne Technologies by 3.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 827 shares of the scientific and technical instruments company’s stock valued at $485,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In other news, Director Michael T. Smith sold 2,469 shares of Teledyne Technologies 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 completion of the sale, the director owned 47,328 shares in the company, valued at approximately $29,390,688. This trade represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jason Vanwees sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $630.46, for a total value of $1,576,150.00. Following the transaction, the insider directly owned 2,644 shares of the company’s stock, valued at $1,666,936.24. The trade was a 48.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,500 shares of company stock valued at $7,214,750 in the last three months. 1.50% of the stock is owned by corporate insiders.

Teledyne Technologies Trading Down 2.9%

Shares of TDY opened at $616.66 on Friday. The business’s 50-day moving average price is $636.85 and its 200-day moving average price is $569.57. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $693.38. The stock has a market cap of $28.56 billion, a PE ratio of 32.61, a P/E/G ratio of 3.14 and a beta of 0.99.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the company earned $5.52 earnings per share. Teledyne Technologies’s revenue for the quarter 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. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TDY shares. Morgan Stanley lifted their target price on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Barclays raised their price target on shares of Teledyne Technologies from $599.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Citigroup lifted their price objective on shares of Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Stifel Nicolaus boosted their price objective on shares of Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $656.75.

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.