Teledyne Technologies Incorporated $TDY Stake Lessened by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 3.4% during the 1st quarter, HoldingsChannel reports. The fund owned 128,710 shares of the scientific and technical instruments company’s stock after selling 4,513 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Teledyne Technologies were worth $77,871,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC increased its position in shares of Teledyne Technologies by 2.0% in the 4th quarter. Personal CFO Solutions LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $413,000 after purchasing an additional 16 shares during the last quarter. US Asset Management LLC lifted its position in shares of Teledyne Technologies by 3.5% during the fourth quarter. US Asset Management LLC now owns 508 shares of the scientific and technical instruments company’s stock worth $259,000 after purchasing an additional 17 shares during the last quarter. Modera Wealth Management LLC grew its stake in Teledyne Technologies by 1.2% in the fourth quarter. Modera Wealth Management LLC now owns 1,519 shares of the scientific and technical instruments company’s stock worth $776,000 after purchasing an additional 18 shares in the last quarter. CENTRAL TRUST Co grew its stake in Teledyne Technologies by 24.3% in the first quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 18 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in Teledyne Technologies by 2.5% in the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after buying an additional 20 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDY has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Citigroup lifted their target price on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Barclays boosted their price target on Teledyne Technologies from $603.00 to $614.00 and gave the company 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 report on Wednesday, June 10th. Finally, Needham & Company LLC raised their price objective on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $694.14.

Teledyne Technologies Stock Performance

Shares of TDY traded up $3.53 during midday trading on Friday, hitting $635.05. 478,510 shares of the stock traded hands, compared to its average volume of 315,336. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $693.38. The firm has a market capitalization of $29.42 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 3.05 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.76. The business’s 50 day moving average price is $627.11 and its two-hundred day moving average price is $620.92.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.48 by $0.32. The business had revenue of $1.56 billion for 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 revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $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. Equities research analysts predict that Teledyne Technologies Incorporated will post 24.01 EPS for the current fiscal year.

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.