Assenagon Asset Management S.A. Decreases Position in Teledyne Technologies Incorporated $TDY

Assenagon Asset Management S.A. cut its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 15.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,179 shares of the scientific and technical instruments company’s stock after selling 13,177 shares during the period. Assenagon Asset Management S.A.’s holdings in Teledyne Technologies were worth $44,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covea Finance grew its holdings in shares of Teledyne Technologies by 7.5% in 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. Mariner LLC raised its holdings in Teledyne Technologies by 7,237.2% during the 3rd quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock valued at $181,385,000 after buying an additional 305,337 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Teledyne Technologies during the 3rd quarter valued at $4,923,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Teledyne Technologies by 32.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,972 shares of the scientific and technical instruments company’s stock valued at $7,647,000 after buying an additional 3,627 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Teledyne Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company’s stock worth $649,524,000 after acquiring an additional 13,647 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Stifel Nicolaus raised their target price on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Barclays boosted their price target on Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, Citigroup increased their price objective on Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $693.71.

Teledyne Technologies Trading Up 2.4%

NYSE:TDY opened at $626.85 on Friday. The company has a 50-day moving average price of $626.64 and a 200-day moving average price of $611.33. The stock has a market cap of $29.04 billion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 2.94 and a beta of 0.94. 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 Incorporated has a 12 month low of $483.02 and a 12 month high of $693.38.

Teledyne Technologies (NYSE:TDY) last announced its quarterly 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 net margin of 14.99% and a return on equity of 10.24%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the company earned $4.95 earnings per share. Teledyne Technologies’s quarterly revenue was up 7.6% on a year-over-year basis. 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. Equities analysts predict that Teledyne Technologies Incorporated will post 24.01 EPS for the current 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.