PNC Financial Services Group Inc. Acquires 38,515 Shares of Teledyne Technologies Incorporated $TDY

PNC Financial Services Group Inc. lifted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 37.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 141,496 shares of the scientific and technical instruments company’s stock after acquiring an additional 38,515 shares during the period. PNC Financial Services Group Inc. owned approximately 0.30% of Teledyne Technologies worth $72,266,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Abich Financial Wealth Management LLC bought a new position in Teledyne Technologies during the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teledyne Technologies during the 4th quarter valued at about $28,000. Board of the Pension Protection Fund bought a new position in Teledyne Technologies during the 4th quarter valued at about $41,000. Banque Cantonale Vaudoise bought a new position in Teledyne Technologies during the 3rd quarter valued at about $43,000. Finally, AlphaQuest LLC lifted its holdings in Teledyne Technologies by 7,700.0% during the 3rd quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 77 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TDY shares. Barclays lifted their price target on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Citigroup raised their price objective on shares of Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Morgan Stanley raised their price objective on shares of Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Finally, Jefferies Financial Group raised their price objective on shares of Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $693.71.

Teledyne Technologies Stock Performance

TDY stock opened at $607.14 on Friday. The business’s 50-day moving average price is $632.85 and its two-hundred day moving average price is $591.20. 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 firm has a market cap of $28.13 billion, a PE ratio of 30.71, a P/E/G ratio of 2.94 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.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.48 by $0.32. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.95 earnings per share. 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. As a group, research analysts forecast 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.