Truist Financial Corp Sells 982 Shares of Teledyne Technologies Incorporated $TDY

Truist Financial Corp lessened its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,221 shares of the scientific and technical instruments company’s stock after selling 982 shares during the quarter. Truist Financial Corp’s holdings in Teledyne Technologies were worth $7,774,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mariner LLC raised its holdings in 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 worth $181,385,000 after purchasing an additional 305,337 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in Teledyne Technologies in the third quarter worth $129,791,000. Public Sector Pension Investment Board raised its holdings in 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 worth $120,982,000 after purchasing an additional 201,972 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in Teledyne Technologies in the third quarter worth $108,576,000. Finally, Dodge & Cox grew its stake 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 worth $985,111,000 after acquiring an additional 183,222 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley increased their target price on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 4th. Jefferies Financial Group increased 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. Barclays increased 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 increased their price objective on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Needham & Company LLC increased their price objective on Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $693.71.

Teledyne Technologies Trading Down 1.5%

Teledyne Technologies stock opened at $621.34 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16. Teledyne Technologies Incorporated has a one year low of $480.61 and a one year high of $693.38. The stock has a market capitalization of $28.79 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.02 and a beta of 0.97. The business’s fifty day moving average is $642.52 and its 200 day moving average is $585.21.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.48 by $0.32. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm 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. On average, sell-side analysts predict 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.