Grove Bank & Trust Has $584,000 Stock Position in Teledyne Technologies Incorporated $TDY

Grove Bank & Trust raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 2,387.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,144 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,098 shares during the quarter. Grove Bank & Trust’s holdings in Teledyne Technologies were worth $584,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TDY. Nordea Investment Management AB boosted its holdings in shares of Teledyne Technologies by 2.8% during the fourth quarter. Nordea Investment Management AB now owns 2,748 shares of the scientific and technical instruments company’s stock worth $1,423,000 after acquiring an additional 76 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Teledyne Technologies by 16.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 171 shares of the scientific and technical instruments company’s stock worth $87,000 after purchasing an additional 24 shares during the period. Harbor Investment Advisory LLC lifted its holdings in Teledyne Technologies by 1.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,519 shares of the scientific and technical instruments company’s stock worth $776,000 after purchasing an additional 28 shares during the last quarter. Covea Finance lifted its holdings in Teledyne Technologies by 7.5% during the 4th quarter. Covea Finance now owns 51,834 shares of the scientific and technical instruments company’s stock worth $26,473,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in Teledyne Technologies in the 4th quarter valued at $41,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Teledyne Technologies

In other news, Director Michael T. Smith sold 2,469 shares of the firm’s stock in a transaction 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 transaction, the director owned 47,328 shares of the company’s stock, valued at approximately $29,390,688. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jason Vanwees sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $630.46, for a total value of $1,576,150.00. Following the transaction, the insider directly owned 2,644 shares of the company’s stock, valued at approximately $1,666,936.24. This represents a 48.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 11,500 shares of company stock worth $7,214,750. 1.36% of the stock is owned by corporate insiders.

Teledyne Technologies Trading Down 2.9%

Shares of TDY opened at $616.66 on Monday. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $693.38. The business’s fifty day moving average is $636.85 and its 200-day moving average is $569.98. 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 firm has a market cap of $28.56 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 3.05 and a beta of 0.99.

Teledyne Technologies (NYSE:TDY) last released 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 analysts’ consensus estimates of $5.83 by $0.47. The business had revenue of $1.61 billion during 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 firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $5.52 EPS. 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. Equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Needham & Company LLC increased their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Citigroup boosted their target price on shares of Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Stifel Nicolaus upped their price target on shares of Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Barclays raised their price target on shares of Teledyne Technologies from $599.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. 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, Teledyne Technologies presently has an average rating of “Moderate Buy” and an average target price of $656.75.

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.