Diamond Hill Capital Management Inc. Has $27.81 Million Stock Position in Teledyne Technologies Incorporated $TDY

Diamond Hill Capital Management Inc. lessened its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,461 shares of the scientific and technical instruments company’s stock after selling 6,258 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.10% of Teledyne Technologies worth $27,814,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDY. Prudential Financial Inc. grew its position in shares of Teledyne Technologies by 9.5% during the 2nd quarter. Prudential Financial Inc. now owns 27,290 shares of the scientific and technical instruments company’s stock worth $13,981,000 after buying an additional 2,369 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Teledyne Technologies by 105.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,345 shares of the scientific and technical instruments company’s stock valued at $6,649,000 after acquiring an additional 5,825 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in Teledyne Technologies during the 3rd quarter worth $25,153,000. State of Alaska Department of Revenue raised its position in shares of Teledyne Technologies by 52.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 8,016 shares of the scientific and technical instruments company’s stock valued at $4,697,000 after acquiring an additional 2,746 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Teledyne Technologies by 84.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,522 shares of the scientific and technical instruments company’s stock worth $13,199,000 after purchasing an additional 10,321 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 3.0%

TDY opened at $647.56 on Friday. The firm’s fifty day simple moving average is $551.37 and its 200 day simple moving average is $546.08. The stock has a market capitalization of $30.40 billion, a P/E ratio of 34.24, a P/E/G ratio of 3.21 and a beta of 1.01. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 12 month low of $419.00 and a 12 month high of $648.28.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share for the quarter, topping the consensus estimate of $5.83 by $0.47. The company had revenue of $1.61 billion during 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%.Teledyne Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior 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. As a group, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. 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 report on Thursday, January 22nd. Stifel Nicolaus increased their price target on shares of Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Barclays lifted 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 note on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Finally, Morgan Stanley assumed coverage on shares of Teledyne Technologies in a research report on Wednesday, January 21st. They set an “equal weight” rating and a $620.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $627.88.

Insider Activity at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 5,000 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $630.92, for a total value of $3,154,600.00. Following the sale, the insider directly owned 51,025 shares in the company, valued at $32,192,693. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael T. Smith sold 2,469 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the completion of the transaction, 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 position. 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 over the last ninety days. 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.