Kennedy Capital Management LLC Decreases Holdings in Teledyne Technologies Incorporated $TDY

Kennedy Capital Management LLC trimmed its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 13.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,042 shares of the scientific and technical instruments company’s stock after selling 5,952 shares during the period. Kennedy Capital Management LLC’s holdings in Teledyne Technologies were worth $22,880,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Dodge & Cox bought a new stake in Teledyne Technologies in the second quarter worth about $767,307,000. Norges Bank bought a new stake in shares of Teledyne Technologies in the 2nd quarter worth approximately $317,986,000. Artisan Partners Limited Partnership purchased a new position in Teledyne Technologies in the third quarter valued at approximately $129,791,000. Public Sector Pension Investment Board grew its holdings in Teledyne Technologies by 4,520.4% during the third quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock valued at $120,982,000 after purchasing an additional 201,972 shares during the period. Finally, Rakuten Investment Management Inc. bought a new position in Teledyne Technologies during the third quarter valued at $108,576,000. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $630.46, for a total transaction of $1,576,150.00. Following the completion of the transaction, 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 firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $621.00, for a total value of $1,533,249.00. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. Insiders have sold 11,500 shares of company stock valued at $7,214,750 in the last three months. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley boosted their target price on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Barclays boosted their price objective on Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Citigroup upped 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. Finally, Jefferies Financial Group increased 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. Seven 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.com, the company has an average rating of “Moderate Buy” and an average target price of $650.33.

Teledyne Technologies Price Performance

Teledyne Technologies stock traded down $2.07 during midday trading on Friday, reaching $644.50. 16,060 shares of the stock were exchanged, compared to its average volume of 377,553. Teledyne Technologies Incorporated has a 52 week low of $419.00 and a 52 week high of $693.38. 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 cap of $29.85 billion, a PE ratio of 34.12, a PEG ratio of 3.24 and a beta of 0.99. The company’s fifty day moving average is $624.68 and its 200-day moving average is $565.62.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 EPS for the quarter, beating the consensus estimate of $5.83 by $0.47. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period 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. On average, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.