Teledyne Technologies Incorporated $TDY Shares Bought by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. increased its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 49.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,391 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,116 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Teledyne Technologies were worth $1,987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDY. Jones Financial Companies Lllp lifted its stake in shares of Teledyne Technologies by 874.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock worth $970,000 after acquiring an additional 1,749 shares during the period. Empowered Funds LLC raised its holdings in Teledyne Technologies by 78.6% during the first quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock worth $772,000 after purchasing an additional 683 shares in the last quarter. Focus Partners Wealth lifted its position in Teledyne Technologies by 48.4% in the first quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock worth $416,000 after purchasing an additional 272 shares during the period. Wealthfront Advisers LLC boosted its stake in Teledyne Technologies by 23.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 2,515 shares of the scientific and technical instruments company’s stock valued at $1,288,000 after purchasing an additional 479 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Teledyne Technologies during the 2nd quarter valued at $1,515,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of TDY opened at $679.07 on Friday. Teledyne Technologies Incorporated has a one year low of $419.00 and a one year high of $691.87. The company has a 50-day moving average of $594.61 and a two-hundred day moving average of $557.19. The stock has a market cap of $31.45 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 3.36 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.08.

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

Wall Street Analyst Weigh In

TDY has been the subject of several research reports. Needham & Company LLC raised their target price on Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Citigroup raised their price objective on shares of Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Barclays raised their target price on shares of Teledyne Technologies from $579.00 to $599.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Finally, Jefferies Financial Group upped their price target on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a report on Monday. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $643.67.

Insider Buying and Selling at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 2,500 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 2,644 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, Director Michael T. Smith sold 2,469 shares of the firm’s stock in a transaction dated 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 owned 47,328 shares of the company’s stock, valued at $29,390,688. The trade was a 4.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 11,500 shares of company stock worth $7,214,750. Company insiders own 1.50% of the company’s stock.

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.