CIBC Private Wealth Group LLC Reduces Position in Teledyne Technologies Incorporated $TDY

CIBC Private Wealth Group LLC trimmed its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 46.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,225 shares of the scientific and technical instruments company’s stock after selling 1,962 shares during the period. CIBC Private Wealth Group LLC’s holdings in Teledyne Technologies were worth $1,304,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dodge & Cox purchased a new stake in Teledyne Technologies during the 2nd quarter valued at about $767,307,000. Norges Bank purchased a new position in Teledyne Technologies in the 2nd quarter worth approximately $317,986,000. Mariner LLC lifted its stake in Teledyne Technologies by 7,237.2% in the 3rd quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock worth $181,385,000 after purchasing an additional 305,337 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Teledyne Technologies during the 3rd quarter worth approximately $129,791,000. Finally, Public Sector Pension Investment Board grew its position in shares of Teledyne Technologies by 4,520.4% in the third quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock valued at $120,982,000 after purchasing an additional 201,972 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Down 2.9%

Shares of TDY stock opened at $616.66 on Monday. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $693.38. The firm has a market cap of $28.56 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 3.05 and a beta of 0.99. The company has a 50-day moving average of $636.85 and a two-hundred day moving average of $569.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.08.

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, 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 firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the business posted $5.52 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. 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, analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Buying and Selling at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 5,000 shares of Teledyne Technologies stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $630.92, for a total value of $3,154,600.00. Following the completion of the sale, the insider directly owned 51,025 shares of the company’s stock, valued at approximately $32,192,693. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael T. Smith sold 2,469 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $621.00, for a total value of $1,533,249.00. Following the completion of the sale, the director owned 47,328 shares in the company, valued at $29,390,688. This represents a 4.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,500 shares of company stock valued at $7,214,750. Company insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TDY shares. 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, February 23rd. Needham & Company LLC boosted their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Stifel Nicolaus upped their target price on Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley lifted their price target on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average target price of $656.75.

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.