Grove Bank & Trust Has $584,000 Holdings in Teledyne Technologies Incorporated $TDY

Grove Bank & Trust increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2,387.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,144 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,098 shares during the period. Grove Bank & Trust’s holdings in Teledyne Technologies were worth $584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new stake in shares of Teledyne Technologies in the third quarter valued at $26,000. Rexford Capital Inc. acquired a new position in Teledyne Technologies during the 2nd quarter worth about $29,000. Banque Cantonale Vaudoise bought a new stake in Teledyne Technologies during the 3rd quarter worth about $43,000. TruNorth Capital Management LLC bought a new stake in Teledyne Technologies during the 3rd quarter worth about $46,000. Finally, AlphaQuest LLC increased its position in Teledyne Technologies by 7,700.0% in the 3rd quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock valued at $46,000 after acquiring an additional 77 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Down 2.9%

Shares of NYSE:TDY opened at $616.66 on Monday. Teledyne Technologies Incorporated has a 12 month low of $419.00 and a 12 month high of $693.38. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $636.85 and its 200 day simple moving average is $569.98. The firm has a market cap of $28.56 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 3.05 and a beta of 0.99.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.83 by $0.47. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm earned $5.52 EPS. Teledyne Technologies’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. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In related 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 transaction of $3,154,600.00. Following the transaction, the insider directly owned 51,025 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael T. Smith sold 2,469 shares of the stock in a transaction on Thursday, January 29th. The shares were 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 of the company’s stock, valued at approximately $29,390,688. This represents a 4.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,500 shares of company stock valued at $7,214,750 over the last three months. 1.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their target price on Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Stifel Nicolaus raised their price target on Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Citigroup lifted their price objective on Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Barclays boosted their price objective on Teledyne Technologies from $599.00 to $600.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $656.75.

Teledyne Technologies Company 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.