Teledyne Technologies (NYSE:TDY) Now Covered by Citigroup

Citigroup began coverage on shares of Teledyne Technologies (NYSE:TDY) in a research note published on Friday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $567.00 price objective on the scientific and technical instruments company’s stock.

Several other equities analysts have also commented on TDY. Needham & Company LLC increased their target price on Teledyne Technologies from $585.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Barclays lowered their price objective on Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Morgan Stanley raised their target price on Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Stifel Nicolaus boosted their target price on Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $601.38.

Teledyne Technologies Stock Performance

Shares of TDY opened at $517.80 on Friday. Teledyne Technologies has a 1 year low of $419.00 and a 1 year high of $595.99. The stock has a market capitalization of $24.31 billion, a PE ratio of 29.98, a PEG ratio of 2.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.20 and a current ratio of 1.79. The stock has a 50-day simple moving average of $526.33 and a 200-day simple moving average of $531.75.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.10. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm earned $5.10 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS and its Q4 2025 guidance at 5.730-5.880 EPS. On average, analysts predict that Teledyne Technologies will post 21.55 earnings per share for the current fiscal year.

Institutional Trading of Teledyne Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dodge & Cox purchased a new position in Teledyne Technologies during the second quarter worth about $767,307,000. Norges Bank acquired a new position in Teledyne Technologies during the 2nd quarter worth approximately $317,986,000. Mariner LLC raised its stake in shares of Teledyne Technologies by 7,237.2% during the 3rd quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock worth $181,385,000 after buying an additional 305,337 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Teledyne Technologies by 56.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,572 shares of the scientific and technical instruments company’s stock valued at $318,819,000 after buying an additional 232,401 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Teledyne Technologies in the third quarter valued at approximately $129,791,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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.