Teledyne Technologies Incorporated $TDY Shares Sold by Jennison Associates LLC

Jennison Associates LLC lessened its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 24.8% in the fourth quarter, Holdings Channel reports. The firm owned 32,757 shares of the scientific and technical instruments company’s stock after selling 10,826 shares during the period. Jennison Associates LLC’s holdings in Teledyne Technologies were worth $16,730,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cardinal Capital Management boosted its holdings in Teledyne Technologies by 0.7% in the 4th quarter. Cardinal Capital Management now owns 7,601 shares of the scientific and technical instruments company’s stock worth $3,882,000 after acquiring an additional 50 shares during the period. Keybank National Association OH boosted its holdings in Teledyne Technologies by 2.1% in the 4th quarter. Keybank National Association OH now owns 86,120 shares of the scientific and technical instruments company’s stock worth $43,984,000 after acquiring an additional 1,810 shares during the period. GPM Growth Investors Inc. boosted its holdings in Teledyne Technologies by 7.7% in the 4th quarter. GPM Growth Investors Inc. now owns 6,843 shares of the scientific and technical instruments company’s stock worth $3,495,000 after acquiring an additional 490 shares during the period. Wealthfront Advisers LLC boosted its holdings in Teledyne Technologies by 18.1% in the 4th quarter. Wealthfront Advisers LLC now owns 5,153 shares of the scientific and technical instruments company’s stock worth $2,632,000 after acquiring an additional 791 shares during the period. Finally, Washington Capital Management Inc. purchased a new position in Teledyne Technologies in the 4th quarter worth approximately $255,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TDY shares. Morgan Stanley upped their price target on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report 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 report on Friday, April 24th. Needham & Company LLC upped their price target on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Stifel Nicolaus upped their price target on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Citigroup upped their price target on Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $693.71.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $640.76 on Friday. The stock has a market cap of $29.69 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 3.06 and a beta of 0.97. 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 has a 50 day moving average of $644.93 and a 200-day moving average of $583.60. Teledyne Technologies Incorporated has a 52 week low of $465.91 and a 52 week high of $693.38.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.48 by $0.32. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.95 EPS. 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, analysts expect that Teledyne Technologies Incorporated will post 24.07 EPS for the current fiscal year.

Insider Activity at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 5,000 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 51,025 shares in the company, valued at approximately $32,192,693. This represents a 8.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.36% of the company’s stock.

Teledyne Technologies 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.