Teledyne Technologies (NYSE:TDY) Coverage Initiated at Barclays

Investment analysts at Barclays started coverage on shares of Teledyne Technologies (NYSE:TDY) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage set an “equal weight” rating and a $606.00 price target on the scientific and technical instruments company’s stock. Barclays‘s target price suggests a potential upside of 5.10% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Teledyne Technologies from $535.00 to $580.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. UBS Group lifted their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Saturday, September 27th. Finally, Stifel Nicolaus started coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a “buy” rating and a $626.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $580.25.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $576.58 on Wednesday. The business’s 50 day moving average price is $556.05 and its 200 day moving average price is $516.93. The firm has a market cap of $27.04 billion, a P/E ratio of 31.75, a P/E/G ratio of 2.73 and a beta of 1.11. Teledyne Technologies has a 52 week low of $419.00 and a 52 week high of $595.99. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21.

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

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

Insider Transactions at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,311 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following the transaction, the director owned 61,913 shares in the company, valued at $34,029,861.32. This trade represents a 9.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction on Monday, July 28th. The shares were sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the completion of the sale, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,021 shares of company stock valued at $8,315,662 in the last three months. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDY. Hummer Financial Advisory Services Inc acquired a new stake in Teledyne Technologies during the 3rd quarter worth $201,000. Mitchell & Pahl Private Wealth LLC boosted its position in Teledyne Technologies by 1.4% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 1,857 shares of the scientific and technical instruments company’s stock worth $1,088,000 after acquiring an additional 25 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in Teledyne Technologies by 163.3% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,559 shares of the scientific and technical instruments company’s stock valued at $914,000 after acquiring an additional 967 shares in the last quarter. Whalen Wealth Management Inc. acquired a new stake in Teledyne Technologies in the 3rd quarter valued at about $340,000. Finally, Sheets Smith Investment Management purchased a new position in Teledyne Technologies in the 3rd quarter worth approximately $208,000. Hedge funds and other institutional investors 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.