Teledyne Technologies Incorporated $TDY Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 22.8% during the 4th quarter, Holdings Channel reports. The fund owned 6,072 shares of the scientific and technical instruments company’s stock after selling 1,797 shares during the period. Thrivent Financial for Lutherans’ holdings in Teledyne Technologies were worth $3,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Teledyne Technologies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company’s stock valued at $3,053,038,000 after acquiring an additional 66,984 shares during the last quarter. State Street Corp boosted its holdings in shares of Teledyne Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company’s stock valued at $1,291,957,000 after acquiring an additional 61,135 shares during the last quarter. Dodge & Cox boosted its holdings in shares of Teledyne Technologies by 12.2% in the 3rd quarter. Dodge & Cox now owns 1,680,962 shares of the scientific and technical instruments company’s stock valued at $985,111,000 after acquiring an additional 183,222 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Teledyne Technologies by 2.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 942,825 shares of the scientific and technical instruments company’s stock valued at $552,536,000 after acquiring an additional 24,222 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Teledyne Technologies by 25.7% in the 3rd quarter. Invesco Ltd. now owns 764,905 shares of the scientific and technical instruments company’s stock valued at $448,265,000 after acquiring an additional 156,559 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TDY has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on shares of Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Stifel Nicolaus upped their price objective on shares of Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Needham & Company LLC increased their price target on shares of Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Morgan Stanley increased their price target on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Finally, Citigroup increased their price target on shares of Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $693.71.

Teledyne Technologies Stock Performance

TDY opened at $621.25 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a market cap of $28.78 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.97 and a beta of 0.97. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $693.38. The firm’s fifty day simple moving average is $632.17 and its two-hundred day simple moving average is $591.41.

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