Victory Capital Management Inc. Decreases Stake in Teledyne Technologies Incorporated $TDY

Victory Capital Management Inc. lowered its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,183 shares of the scientific and technical instruments company’s stock after selling 1,267 shares during the period. Victory Capital Management Inc.’s holdings in Teledyne Technologies were worth $13,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its holdings in Teledyne Technologies by 3.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 636 shares of the scientific and technical instruments company’s stock valued at $373,000 after buying an additional 20 shares during the last quarter. Cresset Asset Management LLC grew its holdings in Teledyne Technologies by 2.5% in the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock worth $425,000 after acquiring an additional 20 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Teledyne Technologies by 75.9% in the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 22 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Teledyne Technologies by 2.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 969 shares of the scientific and technical instruments company’s stock valued at $568,000 after acquiring an additional 23 shares during the last quarter. Finally, Snowden Capital Advisors LLC boosted its holdings in shares of Teledyne Technologies by 2.1% during the second quarter. Snowden Capital Advisors LLC now owns 1,099 shares of the scientific and technical instruments company’s stock worth $563,000 after purchasing an additional 23 shares during the period. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 0.0%

Shares of NYSE:TDY opened at $655.52 on Thursday. The firm has a market capitalization of $30.36 billion, a P/E ratio of 34.67, a P/E/G ratio of 3.24 and a beta of 0.99. 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 stock has a 50 day moving average price of $621.97 and a 200-day moving average price of $565.05. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $693.38.

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 for the quarter, beating the consensus estimate of $5.83 by $0.47. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. Teledyne Technologies had a return on equity of 10.08% and a net margin of 14.63%.The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $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, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TDY. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. 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. Jefferies Financial Group upped their target price on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Citigroup lifted their price target 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, Barclays boosted their price objective on shares of Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Teledyne Technologies presently has an average rating of “Moderate Buy” and an average target price of $650.33.

Insiders Place Their Bets

In related news, Director Michael T. Smith sold 2,469 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Jason Vanwees sold 2,500 shares of the company’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 sale, the insider owned 2,644 shares in the company, valued at approximately $1,666,936.24. This trade represents a 48.60% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 11,500 shares of company stock worth $7,214,750. Company insiders own 1.50% of the company’s stock.

Teledyne Technologies 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.