Jennison Associates LLC Grows Stock Holdings in Teledyne Technologies Incorporated $TDY

Jennison Associates LLC grew its position in Teledyne Technologies Incorporated (NYSE:TDY) by 116.3% during the first quarter, Holdings Channel reports. The institutional investor owned 70,843 shares of the scientific and technical instruments company’s stock after acquiring an additional 38,086 shares during the quarter. Jennison Associates LLC’s holdings in Teledyne Technologies were worth $42,861,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Teledyne Technologies by 1.1% in the fourth 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 in the last quarter. State Street Corp lifted its holdings in shares of Teledyne Technologies by 2.9% during 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 purchasing an additional 61,135 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Teledyne Technologies by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company’s stock valued at $864,811,000 after purchasing an additional 9,824 shares during the last quarter. Dodge & Cox boosted its position in shares of Teledyne Technologies by 0.3% in the 4th quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company’s stock worth $860,754,000 after purchasing an additional 4,378 shares in the last quarter. Finally, FIL Ltd boosted its position in shares of Teledyne Technologies by 25.2% in the 4th quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company’s stock worth $698,238,000 after purchasing an additional 274,976 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays upped their target price on Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Stifel Nicolaus raised 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. Citigroup boosted their price target on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $694.14.

Teledyne Technologies Trading Down 1.3%

Shares of Teledyne Technologies stock opened at $627.21 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16. The firm has a fifty day moving average price of $626.31 and a 200 day moving average price of $626.35. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $693.38. The stock has a market cap of $29.06 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 3.04 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last posted its quarterly 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 for the quarter, compared to analyst estimates of $1.52 billion. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company 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 research analysts predict that Teledyne Technologies Incorporated will post 24.1 earnings per share for the current 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.