Teledyne Technologies Incorporated $TDY Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,758 shares of the scientific and technical instruments company’s stock after selling 990 shares during the period. Principal Financial Group Inc.’s holdings in Teledyne Technologies were worth $36,193,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Cresset Asset Management LLC increased its stake in Teledyne Technologies by 2.5% in the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Teledyne Technologies by 3.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 636 shares of the scientific and technical instruments company’s stock worth $373,000 after purchasing an additional 20 shares in the last quarter. Fourpath Capital Management LLC grew its holdings in Teledyne Technologies by 3.0% in the second quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock valued at $366,000 after purchasing an additional 21 shares during the last quarter. Nvest Financial LLC increased its position in shares of Teledyne Technologies by 1.3% in the second quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock valued at $837,000 after buying an additional 21 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Teledyne Technologies by 75.9% in the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $630.46, for a total transaction of $1,576,150.00. Following the completion of the sale, the insider directly owned 2,644 shares in the company, valued at $1,666,936.24. The trade was a 48.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael T. Smith sold 2,469 shares of the company’s stock in a transaction 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 sale, the director directly owned 47,328 shares of the company’s stock, valued at approximately $29,390,688. This trade represents a 4.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,500 shares of company stock valued at $7,214,750 in the last quarter. Company insiders own 1.50% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $629.30 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.64. The firm has a market capitalization of $29.55 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 3.12 and a beta of 1.01. The company has a 50 day moving average price of $548.41 and a 200 day moving average price of $545.53. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $646.64.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.83 by $0.47. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $5.52 earnings per share. 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. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TDY. Citigroup lifted their target price on shares of Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Morgan Stanley began coverage on Teledyne Technologies in a research report on Wednesday, January 21st. They set an “equal weight” rating and a $620.00 price objective for the company. Barclays increased their target price on Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Finally, Needham & Company LLC upped their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $627.88.

Teledyne Technologies Company 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.