Teledyne Technologies Incorporated (NYSE:TDY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Teledyne Technologies Incorporated (NYSE:TDY) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $576.5714.

TDY has been the subject of a number of recent analyst reports. UBS Group increased their price target on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Morgan Stanley raised their target price on Teledyne Technologies from $535.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus started coverage on Teledyne Technologies in a report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 target price for the company.

Teledyne Technologies Stock Up 0.1%

Teledyne Technologies stock opened at $545.56 on Thursday. The firm has a market cap of $25.58 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 2.53 and a beta of 1.09. Teledyne Technologies has a 52-week low of $416.00 and a 52-week high of $570.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.66. The firm has a 50 day moving average price of $543.02 and a two-hundred day moving average price of $505.97.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company posted $4.58 earnings per share. Teledyne Technologies’s revenue for the quarter was up 10.2% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Equities analysts predict that Teledyne Technologies will post 21.55 EPS for the current year.

Teledyne Technologies announced that its board has authorized a stock repurchase plan on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Teledyne Technologies

In related news, Director Simon M. Lorne sold 6,311 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following the transaction, the director directly owned 61,913 shares of the company’s stock, valued at $34,029,861.32. This represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the completion of the sale, the chief executive officer directly owned 10,391 shares of the company’s stock, valued at approximately $5,771,265.31. This trade represents a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,021 shares of company stock worth $8,315,662 in the last quarter. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Teledyne Technologies

Hedge funds have recently added to or reduced their stakes in the company. Cresset Asset Management LLC raised its position in shares of Teledyne Technologies by 2.5% during the second 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 period. Fourpath Capital Management LLC increased its stake in Teledyne Technologies by 3.0% during the 2nd quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock valued at $366,000 after purchasing an additional 21 shares in the last quarter. Nvest Financial LLC raised its holdings in Teledyne Technologies by 1.3% during the second quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock worth $837,000 after buying an additional 21 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Teledyne Technologies by 0.4% in the fourth quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company’s stock valued at $2,556,000 after buying an additional 22 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Teledyne Technologies by 75.9% during 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 buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

About Teledyne Technologies

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.