Teledyne Technologies Incorporated $TDY Stake Trimmed by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 8.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,545,674 shares of the scientific and technical instruments company’s stock after selling 147,607 shares during the quarter. Janus Henderson Group PLC’s holdings in Teledyne Technologies were worth $935,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Teledyne Technologies in the first quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Teledyne Technologies in the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new stake in shares of Teledyne Technologies in the 4th quarter valued at approximately $33,000. Banque Cantonale Vaudoise acquired a new position in Teledyne Technologies in the 3rd quarter worth approximately $43,000. Finally, eCIO Inc. acquired a new position in Teledyne Technologies in the 4th quarter worth approximately $47,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

Shares of TDY opened at $630.92 on Thursday. The company’s 50 day moving average price is $629.75 and its 200 day moving average price is $632.38. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $693.38. The company has a market capitalization of $29.25 billion, a PE ratio of 30.46, a PEG ratio of 3.03 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.49. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business earned $5.20 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Teledyne Technologies has set its FY 2026 guidance at 24.450-24.650 EPS and its Q3 2026 guidance at 6.050-6.150 EPS. Research analysts expect that Teledyne Technologies Incorporated will post 24.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDY has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Needham & Company LLC raised their target price on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Stifel Nicolaus lifted their price target on Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Citigroup lifted their price target on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Finally, Barclays upped their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $715.83.

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.