Teledyne Technologies Incorporated (NYSE:TDY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $601.3750.

A number of equities analysts have recently weighed in on TDY shares. Stifel Nicolaus upped their target price on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Citigroup started coverage on shares of Teledyne Technologies in a research note on Friday, December 12th. They set a “neutral” rating and a $567.00 target price for the company. Barclays lowered their price target 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. Finally, Morgan Stanley increased their price objective on 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 Price Performance

Shares of NYSE:TDY opened at $510.22 on Friday. The company’s fifty day moving average is $518.82 and its two-hundred day moving average is $532.14. The company has a market cap of $23.95 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.38 and a beta of 1.03. Teledyne Technologies has a 12-month low of $419.00 and a 12-month high of $595.99. 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 issued its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.10. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.Teledyne Technologies’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.10 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS and its Q4 2025 guidance at 5.730-5.880 EPS. Equities analysts expect that Teledyne Technologies will post 21.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Teledyne Technologies

Several large investors have recently made changes to their positions in TDY. Hennion & Walsh Asset Management Inc. lifted its stake in Teledyne Technologies by 3.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 636 shares of the scientific and technical instruments company’s stock valued at $373,000 after acquiring an additional 20 shares during the last quarter. Cresset Asset Management LLC raised its holdings in shares of Teledyne Technologies by 2.5% during the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. Fourpath Capital Management LLC lifted its stake in shares of Teledyne Technologies by 3.0% in 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 during the last quarter. Nvest Financial LLC boosted its holdings in Teledyne Technologies by 1.3% in the second quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock worth $837,000 after purchasing an additional 21 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in 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 worth $26,000 after buying an additional 22 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Company 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.