Teledyne Technologies (NYSE:TDY) Hits New 1-Year High – Here’s What Happened

Teledyne Technologies Incorporated (NYSE:TDY) shares hit a new 52-week high on Tuesday . The stock traded as high as $697.67 and last traded at $690.53, with a volume of 326483 shares. The stock had previously closed at $691.30.

Key Teledyne Technologies News

Here are the key news stories impacting Teledyne Technologies this week:

• Positive Sentiment: $1.1 billion Varex Imaging acquisition: Teledyne agreed to acquire Varex Imaging for $18.90 per share in cash, expanding its medical and industrial X-ray imaging capabilities. The deal could broaden Teledyne’s imaging portfolio and create longer-term growth and synergy opportunities. Teledyne Technologies Agrees $1.1 Billion Imaging Deal
• Positive Sentiment: Defense order milestone: Teledyne FLIR Defense delivered its 3,000th Ranger radar, highlighting demand for its unmanned-systems and surveillance technology. The milestone supports the company’s defense growth narrative and revenue visibility. Teledyne FLIR Defense Delivers 3,000th Ranger Radar
• Positive Sentiment: Strong operating backdrop: Recent coverage points to Teledyne’s better-than-expected quarterly results, including revenue growth and EPS above consensus, while analysts continue to view the company as an S&P 500 technology stock to watch. Why Is Teledyne an S&P 500 Stock to Watch After Q2?
• Neutral Sentiment: Analyst commentary: A separate report provides market perspectives on Teledyne and other technology companies but does not indicate a clear change in TDY’s consensus rating or price target. Analysts Offer Insights on Teledyne Technologies
• Negative Sentiment: Director sells shares: Director Simon M. Lorne sold 6,449 TDY shares worth approximately $4.4 million, reducing his direct ownership by 10.36%. While insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh modestly on sentiment. SEC Insider Transaction Filing
• Negative Sentiment: Deal scrutiny: A law firm is investigating whether Varex shareholders are receiving adequate consideration and whether the sale process was proper. The inquiry introduces potential execution and legal uncertainty around Teledyne’s acquisition. Varex Imaging Investor Alert

Analyst Ratings Changes

Several analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Barclays boosted their target price on Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Needham & Company LLC upped their price target on Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Zacks Research raised Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Finally, Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $715.83.

Teledyne Technologies Stock Performance

The stock’s 50-day moving average is $641.51 and its 200 day moving average is $639.58. The stock has a market cap of $31.76 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 2.97 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.49. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, analysts predict that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total value of $4,387,512.66. Following the completion of the transaction, the director owned 55,783 shares in the company, valued at approximately $37,951,406.22. This represents a 10.36% 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. Insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Teledyne Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in TDY. BlackRock Inc. acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $2,751,121,000. Norges Bank acquired a new stake in shares of Teledyne Technologies during the 4th quarter valued at approximately $428,664,000. Findlay Park Partners LLP acquired a new stake in shares of Teledyne Technologies during the 2nd quarter valued at approximately $277,363,000. FIL Ltd boosted its stake in shares of Teledyne Technologies by 25.2% during the 4th quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company’s stock worth $698,238,000 after acquiring an additional 274,976 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Teledyne Technologies in the 2nd quarter worth approximately $152,577,000. 91.58% of the stock is owned by institutional investors and hedge funds.

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.