CIBC Asset Management Inc Boosts Holdings in Teledyne Technologies Incorporated $TDY

CIBC Asset Management Inc boosted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 66.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,073 shares of the scientific and technical instruments company’s stock after buying an additional 4,403 shares during the period. CIBC Asset Management Inc’s holdings in Teledyne Technologies were worth $5,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in Teledyne Technologies in the 3rd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Teledyne Technologies in the fourth quarter valued at $28,000. Board of the Pension Protection Fund acquired a new stake in Teledyne Technologies in the fourth quarter valued at $41,000. Banque Cantonale Vaudoise acquired a new stake in Teledyne Technologies in the third quarter valued at $43,000. Finally, AlphaQuest LLC lifted its holdings in Teledyne Technologies by 7,700.0% in the third quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock valued at $46,000 after acquiring an additional 77 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on TDY shares. Jefferies Financial Group raised their target price on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Stifel Nicolaus raised their target price on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Citigroup raised their target price on Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Barclays raised their target price on Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Finally, Needham & Company LLC raised their target price on Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average 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 company has a market capitalization of $27.91 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $693.38. The stock has a fifty day simple moving average of $629.17 and a 200-day simple moving average of $598.87.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.48 by $0.32. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company 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, equities research analysts expect that Teledyne Technologies Incorporated will post 24.01 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.