Teledyne Technologies (NYSE:TDY) Given Buy (B) Rating at Weiss Ratings

Teledyne Technologies (NYSE:TDY)‘s stock had its “buy (b)” rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other research firms also recently issued reports on TDY. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday. Barclays reduced their price target on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a research report on Thursday. UBS Group raised their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Morgan Stanley raised their price objective on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Finally, Stifel Nicolaus raised their price objective on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average target price of $606.29.

Teledyne Technologies Stock Performance

NYSE TDY opened at $532.66 on Friday. The company has a fifty day simple moving average of $558.72 and a 200 day simple moving average of $522.82. Teledyne Technologies has a 12-month low of $419.00 and a 12-month high of $595.99. The company has a current ratio of 1.79, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The company has a market cap of $24.98 billion, a P/E ratio of 30.84, a PEG ratio of 2.48 and a beta of 1.11.

Teledyne Technologies (NYSE:TDY) last posted 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 business 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 posted $5.10 EPS. Teledyne Technologies’s revenue was up 6.7% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS. Q4 2025 guidance at 5.730-5.880 EPS. Sell-side analysts predict that Teledyne Technologies will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction on Monday, July 28th. The stock was sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the sale, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total value of $3,740,686.35. Following the sale, the chief executive officer owned 10,391 shares in the company, valued at $5,771,265.31. The trade was a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Teledyne Technologies

A number of hedge funds have recently made changes to their positions in the business. MGO One Seven LLC bought a new stake in shares of Teledyne Technologies during the 3rd quarter worth $335,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Teledyne Technologies by 84.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,522 shares of the scientific and technical instruments company’s stock worth $13,199,000 after purchasing an additional 10,321 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Teledyne Technologies by 33.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 5,366 shares of the scientific and technical instruments company’s stock worth $3,145,000 after purchasing an additional 1,357 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Teledyne Technologies by 52.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 8,016 shares of the scientific and technical instruments company’s stock worth $4,697,000 after purchasing an additional 2,746 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in shares of Teledyne Technologies by 22.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,182 shares of the scientific and technical instruments company’s stock worth $693,000 after purchasing an additional 213 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Company Profile

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.