Grandfield & Dodd LLC Lowers Holdings in Teledyne Technologies Incorporated $TDY

Grandfield & Dodd LLC lowered its position in Teledyne Technologies Incorporated (NYSE:TDY) by 2.9% in the fourth quarter, Holdings Channel reports. The fund owned 39,836 shares of the scientific and technical instruments company’s stock after selling 1,196 shares during the period. Grandfield & Dodd LLC’s holdings in Teledyne Technologies were worth $20,346,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new position in Teledyne Technologies in the third quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Teledyne Technologies in the fourth quarter worth approximately $28,000. Banque Cantonale Vaudoise purchased a new position in Teledyne Technologies in the third quarter worth approximately $43,000. AlphaQuest LLC lifted its stake in Teledyne Technologies by 7,700.0% in the third 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 purchased a new position in Teledyne Technologies in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 2.2%

TDY stock opened at $620.34 on Friday. 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 twelve month low of $483.02 and a twelve month high of $693.38. The company’s 50 day moving average is $630.36 and its two-hundred day moving average is $595.31. The stock has a market cap of $28.74 billion, a P/E ratio of 31.38, a PEG ratio of 2.97 and a beta of 0.97.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $4.95 earnings per share. The firm’s revenue for the quarter 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. Research analysts expect that Teledyne Technologies Incorporated will post 24.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Citigroup lifted their price target on shares of Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Barclays lifted their price target on shares of Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Finally, Morgan Stanley lifted their price target on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 4th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $693.71.

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.