Bank of New York Mellon Corp Lowers Stock Position in Teledyne Technologies Incorporated $TDY

Bank of New York Mellon Corp decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,223 shares of the scientific and technical instruments company’s stock after selling 15,220 shares during the quarter. Bank of New York Mellon Corp owned about 0.52% of Teledyne Technologies worth $142,538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dodge & Cox purchased a new stake in shares of Teledyne Technologies in the second quarter valued at about $767,307,000. Norges Bank purchased a new stake in Teledyne Technologies during the 2nd quarter valued at approximately $317,986,000. Rakuten Investment Management Inc. acquired a new stake in Teledyne Technologies during the 3rd quarter worth approximately $108,576,000. Vanguard Group Inc. lifted its position in Teledyne Technologies by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 5,841,524 shares of the scientific and technical instruments company’s stock worth $2,992,671,000 after acquiring an additional 123,229 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Teledyne Technologies by 582.0% in the 2nd quarter. Marshall Wace LLP now owns 82,649 shares of the scientific and technical instruments company’s stock valued at $42,342,000 after purchasing an additional 70,531 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 subject of several analyst reports. Needham & Company LLC upped their price target on Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Stifel Nicolaus lifted their target price on shares of Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley started coverage on shares of Teledyne Technologies in a research note on Wednesday, January 21st. They set an “equal weight” rating and a $620.00 price target on the stock. Finally, Barclays raised their price objective on shares of Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $627.88.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $619.75 on Friday. The firm has a market capitalization of $29.10 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 2.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.08. The business’s 50 day simple moving average is $537.88 and its 200-day simple moving average is $543.40. Teledyne Technologies Incorporated has a 12 month low of $419.00 and a 12 month high of $630.76.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.83 by $0.47. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.Teledyne Technologies’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $5.52 earnings per share. Teledyne Technologies has set its FY 2026 guidance at 23.450-23.850 EPS and its Q1 2026 guidance at 5.40-5.500 EPS. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael T. Smith sold 2,469 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $621.00, for a total value of $1,533,249.00. Following the sale, the director directly owned 47,328 shares of the company’s stock, valued at approximately $29,390,688. This represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% 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.