Royce & Associates LP Decreases Stake in Teledyne Technologies Incorporated $TDY

Royce & Associates LP lowered its position in Teledyne Technologies Incorporated (NYSE:TDY) by 8.9% during the fourth quarter, HoldingsChannel reports. The firm owned 17,440 shares of the scientific and technical instruments company’s stock after selling 1,700 shares during the period. Royce & Associates LP’s holdings in Teledyne Technologies were worth $8,907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new stake in shares of Teledyne Technologies in the 3rd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Teledyne Technologies in the 4th quarter worth $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Teledyne Technologies in the 3rd quarter worth $43,000. AlphaQuest LLC increased its stake in shares of Teledyne Technologies by 7,700.0% in the 3rd quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 77 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Teledyne Technologies in the 4th quarter worth $41,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDY. Barclays raised their target price on Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. 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. Jefferies Financial Group raised their target price on Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Citigroup raised their target price on Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Finally, Needham & Company LLC raised their target price on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $693.71.

Teledyne Technologies Stock Up 3.7%

Shares of NYSE:TDY opened at $635.33 on Friday. The business has a 50-day moving average price of $630.63 and a 200 day moving average price of $595.14. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $29.43 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.93 and a beta of 0.97. Teledyne Technologies Incorporated has a 12-month low of $483.02 and a 12-month high of $693.38.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.48 by $0.32. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company 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. Sell-side analysts expect that Teledyne Technologies Incorporated will post 24.07 EPS for the current year.

About Teledyne Technologies

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.