Zacks Research Downgrades Teledyne Technologies (NYSE:TDY) to Hold

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

TDY has been the subject of several other research reports. Morgan Stanley lifted their target price on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Stifel Nicolaus boosted their price objective on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Barclays upped their target price on Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $721.67.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $633.88 on Tuesday. The stock has a market cap of $29.39 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.73 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. The company has a fifty day moving average price of $648.02 and a two-hundred day moving average price of $641.63. Teledyne Technologies has a one year low of $483.02 and a one year high of $697.67.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping the consensus estimate of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the company posted $5.20 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. 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, equities analysts predict that Teledyne Technologies will post 24.69 EPS for the current year.

Insider Activity

In related news, Director Simon M. Lorne sold 6,449 shares of the business’s stock in a transaction that occurred 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 sale, the director directly 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 filing with the SEC, which is accessible through this link. Company insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Teledyne Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new stake in Teledyne Technologies during the first quarter worth about $27,000. Allied Private Wealth LLC bought a new position in Teledyne Technologies in the 2nd quarter valued at about $28,000. Trust Co. of Vermont bought a new position in Teledyne Technologies in the 2nd quarter valued at about $28,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Teledyne Technologies in the 2nd quarter valued at approximately $33,000. Finally, DV Equities LLC acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at approximately $33,000. 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.