Assenagon Asset Management S.A. Boosts Stake in Teledyne Technologies Incorporated $TDY

Assenagon Asset Management S.A. raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 68.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,356 shares of the scientific and technical instruments company’s stock after acquiring an additional 35,049 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.18% of Teledyne Technologies worth $44,105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TDY. Abich Financial Wealth Management LLC bought a new stake in Teledyne Technologies during the third quarter valued at about $26,000. Rexford Capital Inc. purchased a new stake in shares of Teledyne Technologies during the second quarter valued at about $29,000. Board of the Pension Protection Fund purchased a new stake in shares of Teledyne Technologies during the fourth quarter valued at about $41,000. Banque Cantonale Vaudoise bought a new stake in shares of Teledyne Technologies in the 3rd quarter valued at about $43,000. Finally, TruNorth Capital Management LLC purchased a new position in shares of Teledyne Technologies in the 3rd quarter worth approximately $46,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on TDY shares. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Barclays upped their price target on Teledyne Technologies from $599.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Needham & Company LLC increased their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Stifel Nicolaus boosted their target price on Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $656.75.

Insider Activity

In related news, Vice Chairman Jason Vanwees sold 2,500 shares of the company’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 completion of the transaction, the insider owned 2,644 shares of the company’s stock, valued at approximately $1,666,936.24. This represents a 48.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael T. Smith sold 2,469 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $621.00, for a total value of $1,533,249.00. Following the transaction, 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 three months, insiders have sold 11,500 shares of company stock worth $7,214,750. Corporate insiders own 1.36% of the company’s stock.

Teledyne Technologies Stock Performance

TDY opened at $625.32 on Thursday. 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 Incorporated has a 12-month low of $419.00 and a 12-month high of $693.38. The firm has a 50 day moving average of $641.04 and a two-hundred day moving average of $571.44. The firm has a market capitalization of $28.96 billion, a PE ratio of 33.07, a P/E/G ratio of 3.10 and a beta of 0.99.

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, beating the consensus estimate of $5.83 by $0.47. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $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, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.