Victory Capital Management Inc. Sells 1,267 Shares of Teledyne Technologies Incorporated $TDY

Victory Capital Management Inc. decreased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,183 shares of the scientific and technical instruments company’s stock after selling 1,267 shares during the quarter. Victory Capital Management Inc.’s holdings in Teledyne Technologies were worth $13,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDY. Abich Financial Wealth Management LLC bought a new stake in shares of Teledyne Technologies during the third quarter valued at about $26,000. SBI Securities Co. Ltd. grew its stake in Teledyne Technologies by 75.9% during the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 22 shares in the last quarter. Rexford Capital Inc. bought a new stake in Teledyne Technologies during the 2nd quarter worth approximately $29,000. First Horizon Advisors Inc. lifted its stake in Teledyne Technologies by 52.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 27 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new position in Teledyne Technologies in the 3rd quarter valued at $46,000. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TDY has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Barclays raised their price target on Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Morgan Stanley lifted their price target on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Finally, Jefferies Financial Group raised their target price on shares of Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Seven equities research 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $650.33.

Insider Buying and Selling

In other news, Director Michael T. Smith sold 2,469 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $621.00, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jason Vanwees sold 2,500 shares of Teledyne Technologies stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $630.46, for a total transaction of $1,576,150.00. Following the completion of the transaction, the insider owned 2,644 shares in the company, valued at approximately $1,666,936.24. The trade was a 48.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 11,500 shares of company stock valued at $7,214,750. Company insiders own 1.50% of the company’s stock.

Teledyne Technologies Trading Up 0.0%

Shares of TDY stock opened at $655.52 on Thursday. The business has a 50-day moving average price of $621.97 and a two-hundred day moving average price of $565.05. 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 firm has a market cap of $30.36 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 3.24 and a beta of 0.99.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.83 by $0.47. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.Teledyne Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last 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. Equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

About Teledyne Technologies

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.