Old West Investment Management LLC Acquires New Holdings in Teledyne Technologies Incorporated $TDY

Old West Investment Management LLC bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the third quarter, HoldingsChannel reports. The firm bought 1,735 shares of the scientific and technical instruments company’s stock, valued at approximately $1,017,000.

Several other large investors have also modified their holdings of the business. SBI Securities Co. Ltd. raised its position in shares of Teledyne Technologies by 75.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 22 shares during the last quarter. Rexford Capital Inc. acquired a new position in shares of Teledyne Technologies in the second quarter worth $29,000. First Horizon Advisors Inc. lifted its position in shares of Teledyne Technologies by 52.9% in the second quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 27 shares in the last quarter. Assetmark Inc. lifted its position in shares of Teledyne Technologies by 193.1% in the second quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 56 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Teledyne Technologies during the third quarter valued at $46,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDY has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Barclays lifted their target price on shares of Teledyne Technologies from $579.00 to $599.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Needham & Company LLC increased 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. Finally, Morgan Stanley started coverage on Teledyne Technologies in a research report on Wednesday, January 21st. They issued an “equal weight” rating and a $620.00 price objective for the company. Six equities research 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 $627.88.

Insider Transactions at Teledyne Technologies

In related news, Director Michael T. Smith sold 2,469 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jason Vanwees sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $630.46, for a total transaction of $1,576,150.00. Following the completion of the transaction, the insider owned 2,644 shares in the company, valued at $1,666,936.24. The trade was a 48.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,500 shares of company stock valued at $7,214,750 in the last quarter. Company insiders own 1.50% of the company’s stock.

Teledyne Technologies Stock Up 3.0%

Shares of TDY opened at $647.56 on Friday. The firm has a market cap of $30.40 billion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 3.12 and a beta of 1.01. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $551.37 and its two-hundred day moving average is $546.15. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $648.28.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share for the quarter, topping the consensus estimate of $5.83 by $0.47. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the company posted $5.52 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. 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. Analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies Company 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.