Bank of New York Mellon Corp Sells 4,443 Shares of Teledyne Technologies Incorporated $TDY

Bank of New York Mellon Corp lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,780 shares of the scientific and technical instruments company’s stock after selling 4,443 shares during the period. Bank of New York Mellon Corp’s holdings in Teledyne Technologies were worth $121,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings 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 purchasing an additional 69,284 shares during the last quarter. Covea Finance grew its holdings in shares of Teledyne Technologies by 7.5% during the fourth 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. Allianz Asset Management GmbH grew its holdings in shares of Teledyne Technologies by 843.1% during the third quarter. Allianz Asset Management GmbH now owns 23,001 shares of the scientific and technical instruments company’s stock worth $13,480,000 after purchasing an additional 20,562 shares during the last quarter. Mariner LLC boosted its holdings in Teledyne Technologies by 7,237.2% in the third quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock valued at $181,385,000 after acquiring an additional 305,337 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in Teledyne Technologies in the third quarter valued at approximately $4,923,000. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

TDY has been the topic of several analyst reports. Morgan Stanley upped their target price on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a report on Wednesday, March 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Stifel Nicolaus boosted their price target on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Barclays upped 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. Finally, Needham & Company LLC upped 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. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $693.71.

Teledyne Technologies Trading Down 2.6%

NYSE TDY opened at $602.48 on Friday. The firm has a market capitalization of $27.91 billion, a P/E ratio of 30.47, a PEG ratio of 2.88 and a beta of 0.94. The business has a fifty day simple moving average of $629.17 and a 200 day simple moving average of $598.87. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $693.38. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.48 by $0.32. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.Teledyne Technologies’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.95 EPS. 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. On average, analysts predict that Teledyne Technologies Incorporated will post 24.01 EPS 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.