Swedbank AB Buys 4,659 Shares of Teledyne Technologies Incorporated $TDY

Swedbank AB grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 26.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,155 shares of the scientific and technical instruments company’s stock after buying an additional 4,659 shares during the period. Swedbank AB’s holdings in Teledyne Technologies were worth $11,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. Mariner LLC boosted its position in Teledyne Technologies by 7,237.2% during the third quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock worth $181,385,000 after purchasing an additional 305,337 shares during the period. Artisan Partners Limited Partnership bought a new position in Teledyne Technologies during the third quarter worth about $129,791,000. Public Sector Pension Investment Board boosted its position in Teledyne Technologies by 4,520.4% during the third quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock worth $120,982,000 after purchasing an additional 201,972 shares during the period. Rakuten Investment Management Inc. bought a new position in Teledyne Technologies during the third quarter worth about $108,576,000. Finally, Dodge & Cox boosted its position in Teledyne Technologies by 12.2% during the third quarter. Dodge & Cox now owns 1,680,962 shares of the scientific and technical instruments company’s stock worth $985,111,000 after purchasing an additional 183,222 shares during the period. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TDY shares. Jefferies Financial Group increased their target price on shares of Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Citigroup increased their target price on shares of Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Barclays increased their target price on shares of Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus increased their price target on shares of Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus target price of $693.71.

Teledyne Technologies Trading Down 1.5%

Shares of Teledyne Technologies stock opened at $621.34 on Friday. Teledyne Technologies Incorporated has a 12-month low of $480.61 and a 12-month high of $693.38. The company has a market cap of $28.79 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.97 and a beta of 0.97. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $642.52 and its 200-day moving average price is $585.21.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.48 by $0.32. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm posted $4.95 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts expect that Teledyne Technologies Incorporated will post 24.07 earnings per share for the current fiscal year.

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.