Teledyne Technologies Incorporated $TDY Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 46.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,225 shares of the scientific and technical instruments company’s stock after selling 1,962 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Teledyne Technologies were worth $1,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDY. Prudential Financial Inc. boosted its stake in shares of Teledyne Technologies by 9.5% in the 2nd quarter. Prudential Financial Inc. now owns 27,290 shares of the scientific and technical instruments company’s stock valued at $13,981,000 after buying an additional 2,369 shares during the period. Vanguard Group Inc. increased its stake in shares of Teledyne Technologies by 1.2% during the third 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 buying an additional 69,284 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Teledyne Technologies by 105.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,345 shares of the scientific and technical instruments company’s stock worth $6,649,000 after acquiring an additional 5,825 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Teledyne Technologies by 843.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 23,001 shares of the scientific and technical instruments company’s stock worth $13,480,000 after acquiring an additional 20,562 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in Teledyne Technologies during the 3rd quarter worth approximately $25,153,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 2.9%

NYSE:TDY opened at $616.66 on Monday. The company has a market capitalization of $28.56 billion, a PE ratio of 32.61, a P/E/G ratio of 3.05 and a beta of 0.99. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $693.38. The stock’s 50 day moving average price is $636.85 and its 200 day moving average price is $569.98. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19.

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 for the quarter, beating analysts’ consensus estimates of $5.83 by $0.47. The company 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%.The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insiders Place Their Bets

In other Teledyne Technologies 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 transaction, the director directly owned 47,328 shares of the company’s stock, valued at approximately $29,390,688. This trade represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Jason Vanwees sold 5,000 shares of Teledyne Technologies stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $630.92, for a total transaction of $3,154,600.00. Following the completion of the transaction, the insider owned 51,025 shares in the company, valued at approximately $32,192,693. This represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,500 shares of company stock worth $7,214,750 over the last ninety days. Corporate insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

TDY has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Stifel Nicolaus boosted their target price on shares of Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Citigroup raised their price target on Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Jefferies Financial Group lifted their price target on Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Morgan Stanley upped their price objective on 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $656.75.

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.