Congress Asset Management Co. Trims Position in Teledyne Technologies Incorporated $TDY

Congress Asset Management Co. cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 44.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,187 shares of the scientific and technical instruments company’s stock after selling 1,757 shares during the period. Congress Asset Management Co.’s holdings in Teledyne Technologies were worth $1,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDY. Dodge & Cox bought a new position in shares of Teledyne Technologies in the second quarter valued at approximately $767,307,000. Norges Bank bought a new stake in Teledyne Technologies during the 2nd quarter worth approximately $317,986,000. Mariner LLC lifted its stake in Teledyne Technologies by 7,237.2% in the 3rd quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock worth $181,385,000 after purchasing an additional 305,337 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in Teledyne Technologies in the 3rd quarter valued at $129,791,000. Finally, Public Sector Pension Investment Board boosted its holdings in Teledyne Technologies by 4,520.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock valued at $120,982,000 after purchasing an additional 201,972 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 5,000 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $630.92, for a total transaction 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael T. Smith sold 2,469 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were 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 in the company, valued at approximately $29,390,688. This represents a 4.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,500 shares of company stock valued at $7,214,750 over the last quarter. Company insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

TDY has been the topic of several research analyst reports. Stifel Nicolaus upped their price target on shares of Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley lifted their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Jefferies Financial Group upped their target price on Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Needham & Company LLC lifted their price target on Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $656.75.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $625.32 on Thursday. Teledyne Technologies Incorporated has a fifty-two week low of $419.00 and a fifty-two week high of $693.38. 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 cap of $28.96 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 3.10 and a beta of 0.99. The firm’s fifty day moving average price is $641.04 and its 200-day moving average price is $571.44.

Teledyne Technologies (NYSE:TDY) last announced its 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 company 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%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period 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, equities research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal 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.