Cannell & Spears LLC Grows Stake in Teledyne Technologies Incorporated $TDY

Cannell & Spears LLC increased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 38.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,929 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,469 shares during the period. Cannell & Spears LLC’s holdings in Teledyne Technologies were worth $5,233,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TDY. Prudential Financial Inc. lifted its stake in shares of 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 worth $13,981,000 after purchasing an additional 2,369 shares during the period. Vanguard Group Inc. grew its position in Teledyne Technologies by 1.2% during the third quarter. Vanguard Group Inc. now owns 5,910,808 shares of the scientific and technical instruments company’s stock valued at $3,463,970,000 after buying an additional 69,284 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Teledyne Technologies by 105.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,345 shares of the scientific and technical instruments company’s stock valued at $6,649,000 after buying an additional 5,825 shares during the period. Allianz Asset Management GmbH increased its holdings in Teledyne Technologies by 843.1% during the third 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 during the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in Teledyne Technologies during the third quarter valued at approximately $25,153,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TDY shares. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley upped their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Jefferies Financial Group lifted their target price on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Barclays boosted 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. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $650.33.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $639.41 on Monday. The stock has a 50-day moving average price of $627.08 and a 200 day moving average price of $566.63. The stock has a market capitalization of $29.61 billion, a P/E ratio of 33.81, a P/E/G ratio of 3.16 and a beta of 0.99. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $693.38. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the firm earned $5.52 EPS. The firm’s 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. Equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Insider Activity at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 2,500 shares of the firm’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 completion of the transaction, the insider directly owned 2,644 shares of the company’s stock, valued at approximately $1,666,936.24. This trade represents a 48.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael T. Smith sold 2,469 shares of Teledyne Technologies stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 11,500 shares of company stock worth $7,214,750. Company insiders own 1.50% of the company’s stock.

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.