Teledyne Technologies Incorporated $TDY Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 241,730 shares of the scientific and technical instruments company’s stock after selling 21,364 shares during the quarter. Legal & General Group Plc owned about 0.51% of Teledyne Technologies worth $123,459,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. Abich Financial Wealth Management LLC bought a new position in Teledyne Technologies during the 3rd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Teledyne Technologies during the fourth quarter worth about $28,000. Board of the Pension Protection Fund acquired a new position in Teledyne Technologies during the fourth quarter worth about $41,000. Banque Cantonale Vaudoise acquired a new position in Teledyne Technologies during the third quarter worth about $43,000. Finally, AlphaQuest LLC grew its holdings in Teledyne Technologies by 7,700.0% during 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 period. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TDY. Barclays lifted their target price on Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Stifel Nicolaus lifted their target price on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Morgan Stanley lifted their target price on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Finally, Needham & Company LLC lifted their target price on Teledyne Technologies from $700.00 to $735.00 and gave the stock 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $693.71.

Teledyne Technologies Trading Up 3.7%

Shares of TDY opened at $635.33 on Friday. The business’s 50-day moving average price is $630.63 and its 200 day moving average price is $595.14. The stock has a market capitalization of $29.43 billion, a P/E ratio of 32.14, a P/E/G ratio of 2.93 and a beta of 0.97. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $693.38. 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 (NYSE:TDY) last issued its quarterly earnings results 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. 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%.Teledyne Technologies’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $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. Analysts expect that Teledyne Technologies Incorporated will post 24.07 earnings per share for the current 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.