Truist Financial Corp Reduces Stock Holdings in Teledyne Technologies Incorporated $TDY

Truist Financial Corp trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY) by 6.1% during the 4th quarter, HoldingsChannel reports. The firm owned 15,221 shares of the scientific and technical instruments company’s stock after selling 982 shares during the period. Truist Financial Corp’s holdings in Teledyne Technologies were worth $7,774,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of Teledyne Technologies by 874.5% in the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock worth $970,000 after buying an additional 1,749 shares during the period. Empowered Funds LLC raised its stake in Teledyne Technologies by 78.6% during the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock valued at $772,000 after purchasing an additional 683 shares during the period. Focus Partners Wealth raised its stake in Teledyne Technologies by 48.4% during the 1st quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock valued at $416,000 after purchasing an additional 272 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Teledyne Technologies during the 2nd quarter valued at approximately $5,590,000. Finally, Cresset Asset Management LLC raised its stake in Teledyne Technologies by 2.5% during 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 during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Teledyne Technologies Stock Performance

NYSE:TDY opened at $621.34 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16. Teledyne Technologies Incorporated has a 1 year low of $480.61 and a 1 year high of $693.38. The stock’s 50 day simple moving average is $642.52 and its two-hundred day simple moving average is $585.21. The company has a market cap of $28.79 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.02 and a beta of 0.97.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.48 by $0.32. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $4.95 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. 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, equities analysts anticipate that Teledyne Technologies Incorporated will post 24.07 earnings per share for the current fiscal year.

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.