DNB Asset Management AS Buys 1,940 Shares of Teledyne Technologies Incorporated $TDY

DNB Asset Management AS lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 9.7% in the fourth quarter, HoldingsChannel reports. The fund owned 21,975 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,940 shares during the period. DNB Asset Management AS’s holdings in Teledyne Technologies were worth $11,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in shares of Teledyne Technologies during the 3rd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teledyne Technologies during the 4th quarter valued at approximately $28,000. Banque Cantonale Vaudoise bought a new position in shares of Teledyne Technologies during the 3rd quarter valued at approximately $43,000. AlphaQuest LLC grew its stake in shares of Teledyne Technologies by 7,700.0% during 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 during the period. Finally, Board of the Pension Protection Fund bought a new position in shares of Teledyne Technologies during the 4th quarter valued at approximately $41,000. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TDY has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Needham & Company LLC boosted their price objective on Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Morgan Stanley boosted their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Barclays upped their price target on Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Finally, Citigroup upped their price target on Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $693.71.

Teledyne Technologies Trading Up 0.1%

TDY stock opened at $617.43 on Monday. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $693.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16. The company has a market capitalization of $28.61 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.95 and a beta of 0.97. The business has a 50 day simple moving average of $636.20 and a two-hundred day simple moving average of $588.67.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.48 by $0.32. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company posted $4.95 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Teledyne Technologies has set its FY 2026 guidance at 23.850-24.150 EPS and its Q2 2026 guidance at 5.700-5.800 EPS. Research analysts anticipate that Teledyne Technologies Incorporated will post 24.07 EPS for the current fiscal year.

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.