Allstate Corp Buys 1,601 Shares of Teledyne Technologies Incorporated $TDY

Allstate Corp increased its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 98.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,234 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,601 shares during the period. Allstate Corp’s holdings in Teledyne Technologies were worth $1,652,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Personal CFO Solutions LLC lifted its position in Teledyne Technologies by 2.0% in the fourth quarter. Personal CFO Solutions LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $413,000 after buying an additional 16 shares during the last quarter. US Asset Management LLC lifted its position in shares of Teledyne Technologies by 3.5% during the fourth quarter. US Asset Management LLC now owns 508 shares of the scientific and technical instruments company’s stock worth $259,000 after purchasing an additional 17 shares during the last quarter. Modera Wealth Management LLC lifted its position in shares of Teledyne Technologies by 1.2% during the fourth quarter. Modera Wealth Management LLC now owns 1,519 shares of the scientific and technical instruments company’s stock worth $776,000 after purchasing an additional 18 shares during the last quarter. Cresset Asset Management LLC lifted its position in shares of Teledyne Technologies by 2.5% during the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock worth $425,000 after purchasing an additional 20 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its position in shares of Teledyne Technologies by 2.3% during the fourth quarter. Fiduciary Alliance LLC now owns 997 shares of the scientific and technical instruments company’s stock worth $509,000 after purchasing an additional 22 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TDY. Needham & Company LLC lifted their target price on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Barclays lifted their target price on Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Morgan Stanley lifted their target price 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. Finally, Citigroup raised their price target on Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Five investment 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $693.71.

Teledyne Technologies Price Performance

TDY opened at $635.33 on Friday. The business’s 50-day moving average is $630.63 and its two-hundred day moving average is $595.14. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $693.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16. The firm has a market capitalization of $29.43 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.93 and a beta of 0.97.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.48 by $0.32. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm earned $4.95 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Teledyne Technologies has set its FY 2026 guidance at 23.850-24.150 EPS and its Q2 2026 guidance at 5.700-5.800 EPS. Research analysts anticipate that Teledyne Technologies Incorporated will post 24.07 earnings per share for the current fiscal year.

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.