Teledyne Technologies (NYSE:TDY) Given New $677.00 Price Target at Citigroup

Teledyne Technologies (NYSE:TDY) had its target price increased by Citigroup from $649.00 to $677.00 in a report released on Thursday morning,Benzinga reports. Citigroup currently has a neutral rating on the scientific and technical instruments company’s stock.

TDY has been the subject of several other research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Morgan Stanley upped their price objective on shares of Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a report on Wednesday, March 4th. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Jefferies Financial Group boosted their price target on shares of Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Barclays upped their price target on shares of Teledyne Technologies from $599.00 to $600.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $665.88.

Teledyne Technologies Stock Up 1.0%

TDY stock opened at $624.13 on Thursday. The firm has a market capitalization of $28.90 billion, a PE ratio of 33.01, a P/E/G ratio of 3.06 and a beta of 1.01. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. Teledyne Technologies has a twelve month low of $419.00 and a twelve month high of $693.38. The stock’s 50 day moving average is $642.89 and its 200-day moving average is $573.57.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share for the quarter, topping the consensus estimate of $5.83 by $0.47. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company earned $5.52 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Teledyne Technologies has set its FY 2026 guidance at 23.450-23.850 EPS and its Q1 2026 guidance at 5.40-5.500 EPS. Sell-side analysts expect that Teledyne Technologies will post 21.55 EPS for the current fiscal year.

Insider Buying and Selling

In other Teledyne Technologies news, Director Michael T. Smith sold 2,469 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $621.00, for a total value of $1,533,249.00. Following the transaction, the director directly owned 47,328 shares of the company’s stock, valued at $29,390,688. The trade was a 4.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jason Vanwees sold 5,000 shares of Teledyne Technologies stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $630.92, for a total transaction of $3,154,600.00. Following the completion of the transaction, the insider directly owned 51,025 shares in the company, valued at approximately $32,192,693. The trade was a 8.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,500 shares of company stock worth $7,214,750 over the last quarter. Company insiders own 1.36% of the company’s stock.

Institutional Trading of Teledyne Technologies

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Teledyne Technologies by 1.2% during the third quarter. Vanguard Group Inc. now owns 5,910,808 shares of the scientific and technical instruments company’s stock valued at $3,463,970,000 after buying an additional 69,284 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Teledyne Technologies by 105.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,345 shares of the scientific and technical instruments company’s stock worth $6,649,000 after buying an additional 5,825 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Teledyne Technologies by 843.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 23,001 shares of the scientific and technical instruments company’s stock worth $13,480,000 after acquiring an additional 20,562 shares in the last quarter. Covea Finance lifted its position in Teledyne Technologies by 7.5% during the 4th quarter. Covea Finance now owns 51,834 shares of the scientific and technical instruments company’s stock valued at $26,473,000 after acquiring an additional 3,600 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in Teledyne Technologies during the third quarter worth about $4,923,000. 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.