Analysts Set Teledyne Technologies Incorporated (NYSE:TDY) Price Target at $601.38

Teledyne Technologies Incorporated (NYSE:TDY) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $601.3750.

Several brokerages have commented on TDY. Stifel Nicolaus lifted their target price on Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Citigroup assumed coverage on Teledyne Technologies in a research note on Friday, December 12th. They issued a “neutral” rating and a $567.00 price objective on the stock. Needham & Company LLC upped their target price on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday. Finally, Morgan Stanley raised their price target 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 Trading Down 1.0%

TDY opened at $513.68 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.79 and a quick ratio of 1.20. Teledyne Technologies has a fifty-two week low of $419.00 and a fifty-two week high of $595.99. The company’s 50 day moving average price is $515.70 and its two-hundred day moving average price is $532.74. The firm has a market capitalization of $24.12 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.45 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.10. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm earned $5.10 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. 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. As a group, research analysts predict that Teledyne Technologies will post 21.55 earnings per share for the current year.

Hedge Funds Weigh In On Teledyne Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dodge & Cox bought a new position in shares of Teledyne Technologies in the 2nd quarter worth about $767,307,000. Norges Bank acquired a new stake in Teledyne Technologies during the second quarter worth approximately $317,986,000. Mariner LLC increased its holdings in Teledyne Technologies by 7,237.2% in the third quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock worth $181,385,000 after purchasing an additional 305,337 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Teledyne Technologies by 56.9% in the first 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 valued at $318,819,000 after buying an additional 232,401 shares during the period. Finally, Artisan Partners Limited Partnership bought a new position in shares of Teledyne Technologies during the 3rd quarter worth approximately $129,791,000. Institutional investors and hedge funds 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.