Condor Capital Management Buys Shares of 5,484 Teledyne Technologies Incorporated $TDY

Condor Capital Management purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,484 shares of the scientific and technical instruments company’s stock, valued at approximately $3,214,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. grew its position in 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 last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Teledyne Technologies in the 3rd quarter valued at approximately $26,000. Rexford Capital Inc. bought a new stake in shares of Teledyne Technologies during the 2nd quarter valued at approximately $29,000. First Horizon Advisors Inc. increased its position in Teledyne Technologies by 52.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 27 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Teledyne Technologies by 193.1% in the 2nd quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock valued at $44,000 after purchasing an additional 56 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TDY. Morgan Stanley began coverage on shares of Teledyne Technologies in a research note on Wednesday, January 21st. They set an “equal weight” rating and a $620.00 target price on the stock. Citigroup boosted their price objective on Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Stifel Nicolaus increased their target price on 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 target on Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Finally, 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 research note on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $627.88.

Insider Buying and Selling at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $630.46, for a total value of $1,576,150.00. Following the transaction, the insider owned 2,644 shares in the company, valued at $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 available at this hyperlink. Also, Director Michael T. Smith sold 2,469 shares of the company’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 sale, the director directly owned 47,328 shares in the company, valued at $29,390,688. This trade represents a 4.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,500 shares of company stock valued at $7,214,750. 1.50% of the stock is currently owned by corporate insiders.

Teledyne Technologies Trading Down 1.7%

Shares of TDY stock opened at $649.27 on Wednesday. Teledyne Technologies Incorporated has a 1-year low of $419.00 and a 1-year high of $674.63. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. The stock has a market cap of $30.48 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 3.27 and a beta of 1.01. The stock has a 50-day moving average of $572.08 and a 200-day moving average of $551.23.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous 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. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current 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.