Mirae Asset Global Investments Co. Ltd. Purchases 5,825 Shares of Teledyne Technologies Incorporated $TDY

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 105.5% during the third quarter, Holdings Channel reports. The institutional investor owned 11,345 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,825 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Teledyne Technologies were worth $6,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Compass Wealth Management LLC bought a new position in shares of Teledyne Technologies during the 3rd quarter worth about $8,784,000. Vanguard Personalized Indexing Management LLC raised its position in Teledyne Technologies by 9.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,159 shares of the scientific and technical instruments company’s stock worth $2,441,000 after purchasing an additional 376 shares in the last quarter. LBP AM SA lifted its stake in Teledyne Technologies by 21.2% during the third quarter. LBP AM SA now owns 28,022 shares of the scientific and technical instruments company’s stock worth $16,422,000 after purchasing an additional 4,908 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Teledyne Technologies by 3.6% during the third quarter. Mutual of America Capital Management LLC now owns 16,215 shares of the scientific and technical instruments company’s stock valued at $9,503,000 after purchasing an additional 569 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Teledyne Technologies by 0.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,160 shares of the scientific and technical instruments company’s stock valued at $9,496,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In other news, Director Michael T. Smith sold 2,469 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the completion of the sale, the director owned 47,328 shares in the company, valued at $29,390,688. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on TDY shares. Needham & Company LLC raised their target price on Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Barclays lifted their price objective on Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Morgan Stanley began coverage on shares of Teledyne Technologies in a report on Wednesday, January 21st. They set an “equal weight” rating and a $620.00 price target for the company. Finally, Citigroup boosted their price target on shares of Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $627.88.

Teledyne Technologies Trading Down 0.9%

Shares of NYSE TDY opened at $619.75 on Friday. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $630.76. The company has a 50-day moving average of $537.88 and a two-hundred day moving average of $543.40. The company has a market cap of $29.10 billion, a PE ratio of 32.77, a P/E/G ratio of 2.67 and a beta of 1.03. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results 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. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the business posted $5.52 earnings per share. Teledyne Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. 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. As a group, equities 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.