BI Asset Management Fondsmaeglerselskab A S Sells 2,514 Shares of Teledyne Technologies Incorporated $TDY

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 50.5% in the fourth quarter, HoldingsChannel reports. The fund owned 2,469 shares of the scientific and technical instruments company’s stock after selling 2,514 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Teledyne Technologies were worth $1,261,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TDY. Norges Bank bought a new stake in shares of Teledyne Technologies in the fourth quarter valued at about $428,664,000. Mariner LLC boosted its position in shares of 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 period. Artisan Partners Limited Partnership bought a new stake in shares of Teledyne Technologies in the third quarter valued at about $129,791,000. Public Sector Pension Investment Board boosted its position in shares of Teledyne Technologies by 4,520.4% in the third quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock valued at $120,982,000 after acquiring an additional 201,972 shares during the period. Finally, Dodge & Cox boosted its position in shares of Teledyne Technologies by 12.2% in the third quarter. Dodge & Cox now owns 1,680,962 shares of the scientific and technical instruments company’s stock valued at $985,111,000 after acquiring an additional 183,222 shares during the period. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Morgan Stanley boosted their target price 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. Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus upped their price objective on shares of Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $693.71.

Teledyne Technologies Trading Up 1.0%

TDY opened at $618.48 on Wednesday. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38. The company has a 50-day simple moving average of $629.70 and a 200 day simple moving average of $601.21. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $28.65 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 2.94 and a beta of 0.94.

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. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the business posted $4.95 earnings per share. Teledyne Technologies’s revenue was up 7.6% compared to the same quarter last year. 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. 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.