Allianz Asset Management GmbH Raises Stake in Teledyne Technologies Incorporated $TDY

Allianz Asset Management GmbH grew its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 843.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,001 shares of the scientific and technical instruments company’s stock after acquiring an additional 20,562 shares during the quarter. Allianz Asset Management GmbH’s holdings in Teledyne Technologies were worth $13,480,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Teledyne Technologies by 874.5% in the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock valued at $970,000 after purchasing an additional 1,749 shares during the period. Empowered Funds LLC grew its stake in shares of Teledyne Technologies by 78.6% in the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock valued at $772,000 after buying an additional 683 shares during the period. Focus Partners Wealth increased its holdings in shares of Teledyne Technologies by 48.4% during the 1st quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock worth $416,000 after buying an additional 272 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Teledyne Technologies by 6.7% during the 2nd quarter. QRG Capital Management Inc. now owns 590 shares of the scientific and technical instruments company’s stock valued at $302,000 after buying an additional 37 shares during the period. Finally, DAVENPORT & Co LLC raised its position in shares of Teledyne Technologies by 25.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 1,416 shares of the scientific and technical instruments company’s stock valued at $725,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 5,000 shares of Teledyne Technologies stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $630.92, for a total value of $3,154,600.00. Following the completion of the transaction, the insider directly owned 51,025 shares in the company, valued at approximately $32,192,693. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael T. Smith sold 2,469 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $621.00, for a total value of $1,533,249.00. Following the transaction, the director directly owned 47,328 shares of the company’s stock, valued at $29,390,688. The trade was a 4.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,500 shares of company stock valued at $7,214,750 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TDY has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Barclays raised their price objective on Teledyne Technologies from $579.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Needham & Company LLC increased their target price on shares of 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 initiated coverage on shares of Teledyne Technologies in a research note on Wednesday, January 21st. They issued an “equal weight” rating and a $620.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus price target of $627.88.

Teledyne Technologies Stock Performance

NYSE TDY opened at $647.56 on Friday. 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 company has a market cap of $30.40 billion, a P/E ratio of 34.24, a P/E/G ratio of 3.21 and a beta of 1.01. The stock has a 50-day moving average of $551.37 and a two-hundred day moving average of $546.08. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $648.28.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results 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 business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS 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.