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

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $606.2857.

Several research analysts have recently issued reports on TDY shares. UBS Group boosted their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Barclays dropped their price objective on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th.

Teledyne Technologies Stock Performance

Shares of TDY opened at $517.33 on Friday. The company’s fifty day moving average is $557.23 and its 200-day moving average is $525.01. Teledyne Technologies has a 12 month low of $419.00 and a 12 month high of $595.99. The firm has a market cap of $24.29 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.10. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business posted $5.10 EPS. Teledyne Technologies’s revenue was up 6.7% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. Equities analysts expect that Teledyne Technologies will post 21.55 EPS for the current fiscal year.

Teledyne Technologies declared that its board has approved a share repurchase program on Wednesday, July 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Teledyne Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in TDY. Dodge & Cox bought a new position in shares of Teledyne Technologies during the 2nd quarter worth about $767,307,000. Norges Bank bought a new position in shares of Teledyne Technologies during the 2nd quarter worth about $317,986,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Teledyne Technologies by 56.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company’s stock worth $318,819,000 after acquiring an additional 232,401 shares during the period. Rakuten Investment Management Inc. bought a new position in shares of Teledyne Technologies during the 3rd quarter worth about $108,576,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Teledyne Technologies by 3,319.3% during the 1st quarter. Pacer Advisors Inc. now owns 181,601 shares of the scientific and technical instruments company’s stock worth $90,385,000 after acquiring an additional 176,290 shares during the period. 91.58% of the stock is owned by 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.