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

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $576.5714.

Several equities research analysts recently weighed in on TDY shares. Morgan Stanley lifted their price target on Teledyne Technologies from $535.00 to $580.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. UBS Group boosted their target price on Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Stifel Nicolaus assumed coverage on Teledyne Technologies in a report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 target price on the stock.

Insiders Place Their Bets

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 sale, the director directly owned 51,328 shares of the company’s stock, valued at approximately $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $549.64, for a total value of $3,468,778.04. Following the completion of the sale, the director directly owned 61,913 shares in the company, 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. Over the last three months, insiders have sold 15,021 shares of company stock valued at $8,315,662. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TDY. Baird Financial Group Inc. raised its stake in shares of Teledyne Technologies by 3.0% in the fourth quarter. Baird Financial Group Inc. now owns 1,252 shares of the scientific and technical instruments company’s stock worth $581,000 after purchasing an additional 37 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Teledyne Technologies by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 9,217 shares of the scientific and technical instruments company’s stock worth $4,278,000 after purchasing an additional 211 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of Teledyne Technologies in the fourth quarter worth $53,000. Focus Partners Wealth purchased a new position in shares of Teledyne Technologies in the fourth quarter worth $261,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Teledyne Technologies by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,643 shares of the scientific and technical instruments company’s stock worth $2,155,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 0.0%

NYSE TDY opened at $556.38 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. Teledyne Technologies has a twelve month low of $419.00 and a twelve month high of $570.56. The firm has a market capitalization of $26.09 billion, a PE ratio of 30.64, a P/E/G ratio of 2.58 and a beta of 1.09. The stock’s 50 day moving average is $545.58 and its 200 day moving average is $507.20.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company posted $4.58 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Research analysts forecast that Teledyne Technologies will post 21.55 earnings per share for the current fiscal year.

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

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.