Congress Asset Management Co. Decreases Stake in Teledyne Technologies Incorporated $TDY

Congress Asset Management Co. lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 44.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,187 shares of the scientific and technical instruments company’s stock after selling 1,757 shares during the quarter. Congress Asset Management Co.’s holdings in Teledyne Technologies were worth $1,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prudential Financial Inc. grew its stake in Teledyne Technologies by 9.5% in the 2nd quarter. Prudential Financial Inc. now owns 27,290 shares of the scientific and technical instruments company’s stock valued at $13,981,000 after purchasing an additional 2,369 shares during the period. Vanguard Group Inc. raised its stake in shares of Teledyne Technologies by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,910,808 shares of the scientific and technical instruments company’s stock worth $3,463,970,000 after purchasing an additional 69,284 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Teledyne Technologies by 105.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,345 shares of the scientific and technical instruments company’s stock worth $6,649,000 after purchasing an additional 5,825 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Teledyne Technologies by 843.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 23,001 shares of the scientific and technical instruments company’s stock worth $13,480,000 after buying an additional 20,562 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Teledyne Technologies in the 3rd quarter worth about $4,923,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 0.1%

Shares of TDY opened at $625.32 on Thursday. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $693.38. The business has a 50-day moving average of $641.04 and a 200 day moving average of $571.44. The firm has a market cap of $28.96 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 3.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.64.

Teledyne Technologies (NYSE:TDY) last released 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. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Buying and Selling

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $630.46, for a total transaction of $1,576,150.00. Following the sale, the insider 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. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael T. Smith sold 2,469 shares of the stock in a transaction 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 sale, the director owned 47,328 shares in the company, valued at approximately $29,390,688. This represents a 4.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,500 shares of company stock worth $7,214,750 over the last 90 days. 1.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TDY has been the subject of a number of research analyst reports. Barclays raised their price objective on shares of Teledyne Technologies from $599.00 to $600.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Stifel Nicolaus boosted their target price on shares of Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Jefferies Financial Group raised their price target on shares of Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Morgan Stanley lifted their price target on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus 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.