Teledyne Technologies (NYSE:TDY) Downgraded by Zacks Research to “Hold”

Teledyne Technologies (NYSE:TDY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Needham & Company LLC upped their price target on shares of Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Citigroup raised their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Barclays boosted their price objective on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Stifel Nicolaus upped their target price on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $721.67.

Teledyne Technologies Trading Up 1.1%

Shares of Teledyne Technologies stock opened at $633.88 on Tuesday. The firm has a market capitalization of $29.39 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 2.73 and a beta of 0.92. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $648.02 and its 200 day moving average is $641.63. Teledyne Technologies has a 1 year low of $483.02 and a 1 year high of $697.67.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.79 by $0.49. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $5.20 EPS. Teledyne Technologies has set its FY 2026 guidance at 24.450-24.650 EPS and its Q3 2026 guidance at 6.050-6.150 EPS. Equities research analysts forecast that Teledyne Technologies will post 24.69 earnings per share for the current fiscal year.

Insider Activity at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the transaction, the director owned 55,783 shares in the company, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Teledyne Technologies by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company’s stock valued at $649,524,000 after purchasing an additional 13,647 shares in the last quarter. Swedbank AB boosted its position in shares of Teledyne Technologies by 26.6% during the 4th quarter. Swedbank AB now owns 22,155 shares of the scientific and technical instruments company’s stock worth $11,315,000 after purchasing an additional 4,659 shares in the last quarter. UBS Group AG grew its stake in shares of Teledyne Technologies by 9.3% in the 4th quarter. UBS Group AG now owns 166,870 shares of the scientific and technical instruments company’s stock valued at $85,226,000 after buying an additional 14,241 shares during the period. Royal Bank of Canada grew its stake in shares of Teledyne Technologies by 1.9% in the 1st quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company’s stock valued at $129,908,000 after buying an additional 4,062 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Teledyne Technologies by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 243,324 shares of the scientific and technical instruments company’s stock valued at $147,213,000 after buying an additional 4,544 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

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.