JT Stratford LLC Sells 820 Shares of Teledyne Technologies Incorporated $TDY

JT Stratford LLC lowered its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 39.3% during the 3rd quarter, Holdings Channel reports. The firm owned 1,264 shares of the scientific and technical instruments company’s stock after selling 820 shares during the period. JT Stratford LLC’s holdings in Teledyne Technologies were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Dodge & Cox bought a new stake in shares of Teledyne Technologies during the 2nd quarter worth $767,307,000. Norges Bank purchased a new stake in Teledyne Technologies during the second quarter worth about $317,986,000. Artisan Partners Limited Partnership purchased a new stake in Teledyne Technologies during the third quarter worth about $129,791,000. Public Sector Pension Investment Board raised its position in Teledyne Technologies by 4,520.4% in the third quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock worth $120,982,000 after acquiring an additional 201,972 shares during the period. Finally, Rakuten Investment Management Inc. bought a new stake in Teledyne Technologies in the third quarter worth about $108,576,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Down 4.1%

NYSE:TDY opened at $654.88 on Friday. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $693.38. The stock’s fifty day moving average price is $610.96 and its two-hundred day moving average price is $561.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.08. The company has a market cap of $30.33 billion, a P/E ratio of 34.63, a P/E/G ratio of 3.38 and a beta of 0.99.

Teledyne Technologies (NYSE:TDY) last announced 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 return on equity of 10.08% and a net margin of 14.63%.The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the business earned $5.52 earnings per share. The firm’s quarterly 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, analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Transactions at Teledyne Technologies

In other news, Director Michael T. Smith sold 2,469 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the sale, the director directly owned 47,328 shares in the company, valued at $29,390,688. This represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Jason Vanwees sold 5,000 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $630.92, for a total transaction of $3,154,600.00. Following the completion of the sale, 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 SEC filing for this sale provides additional information. Insiders have sold a total of 11,500 shares of company stock valued at $7,214,750 in the last ninety days. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Citigroup lifted their price target on shares of Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Barclays raised their target price on Teledyne Technologies from $579.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Morgan Stanley boosted their target price on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Finally, Needham & Company LLC lifted their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $650.33.

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.