Covea Finance Purchases 3,600 Shares of Teledyne Technologies Incorporated $TDY

Covea Finance boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 51,834 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,600 shares during the quarter. Covea Finance’s holdings in Teledyne Technologies were worth $26,473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in shares of Teledyne Technologies during the fourth quarter valued at approximately $41,000. PVG Asset Management Corp purchased a new position in Teledyne Technologies during the 3rd quarter valued at $208,000. AIA Group Ltd boosted its holdings in Teledyne Technologies by 131.1% during the 3rd quarter. AIA Group Ltd now owns 1,738 shares of the scientific and technical instruments company’s stock valued at $1,019,000 after acquiring an additional 986 shares during the period. Allworth Financial LP grew its position in Teledyne Technologies by 19.6% in the 3rd quarter. Allworth Financial LP now owns 311 shares of the scientific and technical instruments company’s stock valued at $183,000 after acquiring an additional 51 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Teledyne Technologies by 285.7% in the 3rd quarter. IFP Advisors Inc now owns 108 shares of the scientific and technical instruments company’s stock valued at $63,000 after acquiring an additional 80 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Down 2.9%

Teledyne Technologies stock opened at $616.66 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. The firm has a market cap of $28.56 billion, a P/E ratio of 32.61, a P/E/G ratio of 3.14 and a beta of 0.99. The business has a fifty day moving average of $636.85 and a two-hundred day moving average of $569.57. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $693.38.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 EPS for the quarter, topping the consensus estimate of $5.83 by $0.47. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.52 EPS. Teledyne Technologies has set its FY 2026 guidance at 23.450-23.850 EPS and its Q1 2026 guidance at 5.40-5.500 EPS. On average, analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $630.92, for a total value of $3,154,600.00. Following the sale, the insider directly owned 51,025 shares in the company, valued at approximately $32,192,693. This trade represents a 8.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael T. Smith sold 2,469 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the completion of the transaction, the director directly owned 47,328 shares in the company, valued at approximately $29,390,688. The trade was a 4.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,500 shares of company stock valued at $7,214,750 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TDY shares. 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 research report on Wednesday, March 4th. Barclays raised their price target on shares of Teledyne Technologies from $599.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Citigroup lifted their price objective on shares of Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Jefferies Financial Group raised their target price on shares of Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $656.75.

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.