Marks Group Wealth Management Inc Sells 2,720 Shares of Teledyne Technologies Incorporated $TDY

Marks Group Wealth Management Inc reduced its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 18.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 11,727 shares of the scientific and technical instruments company’s stock after selling 2,720 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Teledyne Technologies were worth $7,095,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Teledyne Technologies during the 4th quarter worth $28,000. DV Equities LLC acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at $33,000. Board of the Pension Protection Fund acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at $41,000. Banque Cantonale Vaudoise bought a new position in shares of Teledyne Technologies in the 3rd quarter worth $43,000. Finally, eCIO Inc. bought a new position in shares of Teledyne Technologies in the 4th quarter worth $47,000. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $624.41 on Thursday. The company has a market capitalization of $28.93 billion, a PE ratio of 31.58, a PEG ratio of 2.99 and a beta of 0.92. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $693.38. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $626.09 and its 200 day simple moving average is $623.94.

Teledyne Technologies (NYSE:TDY) last posted its 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 firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company posted $4.95 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. 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. On average, research analysts predict that Teledyne Technologies Incorporated will post 24.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TDY shares. Citigroup upped their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Barclays raised their target price on Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Needham & Company LLC increased their price target on shares of Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus lifted their price objective on shares of Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $694.14.

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.