Resona Asset Management Co. Ltd. Has $11.31 Million Stock Position in Teledyne Technologies Incorporated $TDY

Resona Asset Management Co. Ltd. lessened its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 4.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,108 shares of the scientific and technical instruments company’s stock after selling 990 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Teledyne Technologies were worth $11,305,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new stake in shares of Teledyne Technologies in the 3rd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Teledyne Technologies during the 4th quarter valued at $28,000. Board of the Pension Protection Fund acquired a new stake in Teledyne Technologies during the 4th quarter valued at $41,000. Banque Cantonale Vaudoise acquired a new stake in Teledyne Technologies during the 3rd quarter valued at $43,000. Finally, AlphaQuest LLC lifted its holdings in Teledyne Technologies by 7,700.0% during the 3rd quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 1.2%

TDY stock opened at $613.59 on Thursday. 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 stock has a market capitalization of $28.43 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.90 and a beta of 0.97. The business’s fifty day moving average price is $633.82 and its two-hundred day moving average price is $590.64. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $693.38.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.48 by $0.32. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $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 analysts anticipate that Teledyne Technologies Incorporated will post 24.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TDY. Stifel Nicolaus raised their price target on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Barclays raised 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. Morgan Stanley raised their price target on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a report on Wednesday, March 4th. Jefferies Financial Group raised their price target on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Needham & Company LLC raised their price target on Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a 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. Based on data from MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and an average price target of $693.71.

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.