Covea Finance Acquires 3,600 Shares of Teledyne Technologies Incorporated $TDY

Covea Finance grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,834 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,600 shares during the period. Covea Finance owned 0.11% of Teledyne Technologies worth $26,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TDY. Vanguard Group Inc. increased its stake in shares of Teledyne Technologies by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,910,808 shares of the scientific and technical instruments company’s stock worth $3,463,970,000 after purchasing an additional 69,284 shares in the last quarter. State Street Corp lifted its position in Teledyne Technologies by 2.9% during the third 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 in the last quarter. Dodge & Cox grew its holdings in Teledyne Technologies by 12.2% during the third quarter. Dodge & Cox now owns 1,680,962 shares of the scientific and technical instruments company’s stock valued at $985,111,000 after purchasing an additional 183,222 shares during the period. JPMorgan Chase & Co. grew its holdings in Teledyne Technologies by 2.6% during the third quarter. JPMorgan Chase & Co. now owns 942,825 shares of the scientific and technical instruments company’s stock valued at $552,536,000 after purchasing an additional 24,222 shares during the period. Finally, Invesco Ltd. increased its position in Teledyne Technologies by 25.7% in the third quarter. Invesco Ltd. now owns 764,905 shares of the scientific and technical instruments company’s stock worth $448,265,000 after buying an additional 156,559 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

TDY opened at $616.66 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.64. The stock has a market capitalization of $28.56 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 3.14 and a beta of 0.99. The company has a fifty day moving average of $636.85 and a 200 day moving average of $569.57. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $693.38.

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

Insider Activity

In other news, Director Michael T. Smith sold 2,469 shares of Teledyne Technologies stock in a transaction that occurred 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 completion of the transaction, the director owned 47,328 shares in the company, valued at approximately $29,390,688. The trade was a 4.96% decrease in their position. The sale 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 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $630.92, for a total value of $3,154,600.00. Following the transaction, the insider directly owned 51,025 shares in the company, valued at approximately $32,192,693. This represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 11,500 shares of company stock valued at $7,214,750. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup lifted their price objective on Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Barclays increased their target price on shares of Teledyne Technologies from $599.00 to $600.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Needham & Company LLC raised 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. Jefferies Financial Group lifted their price target on shares of Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Morgan Stanley upped their price target on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $656.75.

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.