Marks Group Wealth Management Inc Lowers Position in Teledyne Technologies Incorporated $TDY

Marks Group Wealth Management Inc cut its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 5.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,284 shares of the scientific and technical instruments company’s stock after selling 883 shares during the period. Teledyne Technologies comprises about 0.9% of Marks Group Wealth Management Inc’s holdings, making the stock its 28th largest position. Marks Group Wealth Management Inc’s holdings in Teledyne Technologies were worth $9,543,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in shares of Teledyne Technologies by 9.5% during 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 acquiring an additional 2,369 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 acquiring an additional 5,825 shares during the period. Allianz Asset Management GmbH grew its position in 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 valued at $13,480,000 after buying an additional 20,562 shares in the last quarter. Synergy Asset Management LLC bought a new position in Teledyne Technologies during the 3rd quarter valued at $25,153,000. Finally, State of Alaska Department of Revenue lifted its stake in Teledyne Technologies by 52.1% during the third quarter. State of Alaska Department of Revenue now owns 8,016 shares of the scientific and technical instruments company’s stock valued at $4,697,000 after purchasing an additional 2,746 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 0.3%

Teledyne Technologies stock opened at $668.62 on Monday. The company has a market cap of $31.39 billion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 3.31 and a beta of 1.01. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $675.19. The firm has a 50-day moving average of $580.88 and a 200-day moving average of $553.63. 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 announced its earnings results 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. The business had revenue of $1.61 billion during 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%. Teledyne Technologies’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.52 EPS. 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, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Activity at Teledyne Technologies

In related news, Director Michael T. Smith sold 2,469 shares of the firm’s stock in a transaction dated 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 directly owned 47,328 shares of the company’s stock, valued at $29,390,688. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Jason Vanwees sold 2,500 shares of the business’s stock in a transaction on 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 sale, the insider owned 2,644 shares in the company, valued at $1,666,936.24. This represents a 48.60% 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 in the last quarter. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on TDY shares. Barclays raised their target price on shares of Teledyne Technologies from $579.00 to $599.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Citigroup upped their price target 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. Morgan Stanley assumed coverage on shares of Teledyne Technologies in a research report on Wednesday, January 21st. They set an “equal weight” rating and a $620.00 price objective for the company. Finally, Stifel Nicolaus increased their price objective 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. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $627.88.

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.