Teledyne Technologies (NYSE:TDY) Upgraded at Barclays

Barclays upgraded shares of Teledyne Technologies (NYSE:TDY) to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also issued reports on the company. UBS Group raised 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 price target on Teledyne Technologies from $535.00 to $580.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday. Finally, Stifel Nicolaus initiated coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $580.25.

Teledyne Technologies Stock Down 1.9%

Teledyne Technologies stock opened at $576.58 on Tuesday. Teledyne Technologies has a 1-year low of $419.00 and a 1-year high of $595.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.07. The stock has a market cap of $27.04 billion, a PE ratio of 31.75, a P/E/G ratio of 2.73 and a beta of 1.11. The stock’s fifty day moving average is $556.05 and its two-hundred day moving average is $516.93.

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 for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.Teledyne Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $4.58 earnings per share. 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 EPS for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has initiated a stock buyback program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 1,975 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $560.10, for a total value of $1,106,197.50. Following the completion of the transaction, the director directly owned 51,328 shares in the company, valued at approximately $28,748,812.80. The trade was a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Simon M. Lorne sold 6,311 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $549.64, for a total value of $3,468,778.04. Following the completion of the transaction, the director owned 61,913 shares of the company’s stock, valued at $34,029,861.32. This trade represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,021 shares of company stock worth $8,315,662. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Teledyne Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDY. OneDigital Investment Advisors LLC acquired a new stake in shares of Teledyne Technologies in the 1st quarter valued at about $247,000. Asset Management One Co. Ltd. raised its stake in shares of Teledyne Technologies by 4.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 38,298 shares of the scientific and technical instruments company’s stock valued at $19,061,000 after purchasing an additional 1,712 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Teledyne Technologies by 8.3% in the 1st quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company’s stock valued at $4,436,000 after purchasing an additional 681 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Teledyne Technologies by 9.7% during the first quarter. Integrated Wealth Concepts LLC now owns 2,846 shares of the scientific and technical instruments company’s stock worth $1,416,000 after acquiring an additional 251 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Teledyne Technologies during the first quarter worth about $6,725,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

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.