Bowen Hanes & Co. Inc. Trims Position in Teledyne Technologies Incorporated $TDY

Bowen Hanes & Co. Inc. reduced its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 183,524 shares of the scientific and technical instruments company’s stock after selling 1,432 shares during the quarter. Teledyne Technologies makes up about 2.7% of Bowen Hanes & Co. Inc.’s portfolio, making the stock its 9th largest holding. Bowen Hanes & Co. Inc. owned about 0.39% of Teledyne Technologies worth $107,552,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Citigroup Inc. increased its holdings in Teledyne Technologies by 43.5% in the third quarter. Citigroup Inc. now owns 98,340 shares of the scientific and technical instruments company’s stock valued at $57,631,000 after purchasing an additional 29,796 shares during the period. Rossby Financial LCC lifted its holdings in Teledyne Technologies by 553.3% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the scientific and technical instruments company’s stock worth $56,000 after buying an additional 83 shares during the period. Raiffeisen Bank International AG grew its position in shares of Teledyne Technologies by 10.6% in the 3rd quarter. Raiffeisen Bank International AG now owns 1,236 shares of the scientific and technical instruments company’s stock valued at $716,000 after buying an additional 118 shares during the last quarter. Compass Wealth Management LLC acquired a new stake in shares of Teledyne Technologies in the third quarter valued at about $8,784,000. Finally, Studio Investment Management LLC bought a new position in shares of Teledyne Technologies during the third quarter worth about $233,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TDY. Morgan Stanley started coverage on Teledyne Technologies in a report on Wednesday, January 21st. They issued an “equal weight” rating and a $620.00 target price on the stock. Barclays boosted their price target 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. Needham & Company LLC upped their price objective 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. Stifel Nicolaus increased their price objective on shares of Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Citigroup boosted their target price on shares of Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $627.88.

Insider Buying and Selling

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 51,025 shares in the company, valued at approximately $32,192,693. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael T. Smith sold 2,469 shares of the firm’s stock in a transaction that occurred 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 directly owned 47,328 shares of the company’s stock, valued at $29,390,688. This trade represents a 4.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 11,500 shares of company stock worth $7,214,750. 1.50% of the stock is owned by company insiders.

Teledyne Technologies Stock Up 0.3%

Teledyne Technologies stock opened at $668.62 on Friday. The company has a market capitalization of $31.39 billion, a PE ratio of 35.36, a PEG ratio of 3.31 and a beta of 1.01. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $675.19. The firm’s fifty day moving average is $580.88 and its 200 day moving average is $553.61. 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 (NYSE:TDY) last posted its quarterly earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share 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 firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm posted $5.52 earnings per share. The business’s revenue 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. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal 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.