Fifth Third Bancorp Buys 9,836 Shares of Teledyne Technologies Incorporated $TDY

Fifth Third Bancorp boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 215.7% during the 1st quarter, HoldingsChannel reports. The firm owned 14,395 shares of the scientific and technical instruments company’s stock after buying an additional 9,836 shares during the period. Fifth Third Bancorp’s holdings in Teledyne Technologies were worth $8,709,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Personal CFO Solutions LLC boosted its stake in shares of Teledyne Technologies by 2.0% during the fourth quarter. Personal CFO Solutions LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $413,000 after purchasing an additional 16 shares in the last quarter. US Asset Management LLC increased its holdings in shares of Teledyne Technologies by 3.5% during the fourth quarter. US Asset Management LLC now owns 508 shares of the scientific and technical instruments company’s stock valued at $259,000 after acquiring an additional 17 shares in the last quarter. Modera Wealth Management LLC raised its position in shares of Teledyne Technologies by 1.2% in the 4th quarter. Modera Wealth Management LLC now owns 1,519 shares of the scientific and technical instruments company’s stock valued at $776,000 after purchasing an additional 18 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Teledyne Technologies by 24.3% in the 1st quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 18 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position 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 worth $425,000 after purchasing an additional 20 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Up 0.2%

Shares of Teledyne Technologies stock opened at $624.41 on Thursday. The firm has a 50-day simple moving average of $626.09 and a two-hundred day simple moving average of $623.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.76. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $693.38. The company has a market cap of $28.93 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 2.99 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $4.95 EPS. The business’s revenue was up 7.6% on a year-over-year basis. 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 predict that Teledyne Technologies Incorporated will post 24.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TDY. Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Barclays boosted their price target 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. Citigroup increased their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Stifel Nicolaus lifted their target price on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Needham & Company LLC lifted their target price on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $694.14.

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.