Yacktman Asset Management LP Sells 1,100 Shares of Teledyne Technologies Incorporated $TDY

Yacktman Asset Management LP trimmed its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 31.4% in the third quarter, Holdings Channel.com reports. The fund owned 2,400 shares of the scientific and technical instruments company’s stock after selling 1,100 shares during the quarter. Yacktman Asset Management LP’s holdings in Teledyne Technologies were worth $1,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDY. Vanguard Group Inc. raised its holdings in Teledyne Technologies by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 5,841,524 shares of the scientific and technical instruments company’s stock worth $2,992,671,000 after purchasing an additional 123,229 shares during the last quarter. State Street Corp increased its position in shares of Teledyne Technologies by 2.2% during the second quarter. State Street Corp now owns 2,143,419 shares of the scientific and technical instruments company’s stock worth $1,098,095,000 after buying an additional 46,916 shares during the period. Dodge & Cox bought a new position in Teledyne Technologies during the second quarter worth $767,307,000. Geode Capital Management LLC lifted its holdings in Teledyne Technologies by 2.3% in the second quarter. Geode Capital Management LLC now owns 1,242,610 shares of the scientific and technical instruments company’s stock valued at $635,107,000 after buying an additional 28,461 shares during the period. Finally, Norges Bank bought a new stake in Teledyne Technologies during the second quarter valued at $317,986,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Price Performance

TDY opened at $619.75 on Monday. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $630.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.08. The company has a market capitalization of $29.10 billion, a price-to-earnings ratio of 32.77, a P/E/G ratio of 2.65 and a beta of 1.01. The firm’s fifty day moving average price is $537.88 and its two-hundred day moving average price is $543.42.

Teledyne Technologies (NYSE:TDY) last posted its 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 for the quarter, compared to analysts’ expectations of $1.57 billion. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Teledyne Technologies news, Director Michael T. Smith sold 2,469 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $621.00, for a total value of $1,533,249.00. Following the sale, the director directly owned 47,328 shares in the company, valued at $29,390,688. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Needham & Company LLC raised their target price on Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Barclays raised their price objective on shares of Teledyne Technologies from $579.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Morgan Stanley started coverage on shares of Teledyne Technologies in a research report on Wednesday, January 21st. They set an “equal weight” rating and a $620.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Finally, Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $627.88.

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.