PNC Financial Services Group Inc. Has $72.27 Million Holdings in Teledyne Technologies Incorporated $TDY

PNC Financial Services Group Inc. grew its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 37.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 141,496 shares of the scientific and technical instruments company’s stock after buying an additional 38,515 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Teledyne Technologies were worth $72,266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in shares of Teledyne Technologies in the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $28,000. Board of the Pension Protection Fund acquired a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $41,000. Banque Cantonale Vaudoise bought a new stake in shares of Teledyne Technologies in the third quarter worth $43,000. Finally, AlphaQuest LLC lifted its position in shares of Teledyne Technologies by 7,700.0% in the third quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TDY. Stifel Nicolaus boosted their price objective on shares of Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Needham & Company LLC boosted their price objective 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. Jefferies Financial Group boosted their price objective 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. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Finally, Barclays boosted their price objective 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. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $693.71.

Teledyne Technologies Price Performance

Shares of TDY opened at $607.14 on Friday. The firm has a market capitalization of $28.13 billion, a PE ratio of 30.71, a PEG ratio of 2.94 and a beta of 0.97. The company’s 50-day moving average is $632.85 and its 200-day moving average is $591.20. 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 debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.48 by $0.32. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.95 earnings per share. 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. Equities analysts forecast that Teledyne Technologies Incorporated will post 24.07 EPS for the current 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.