Barclays Has Lowered Expectations for Teledyne Technologies (NYSE:TDY) Stock Price

Teledyne Technologies (NYSE:TDY) had its target price lowered by Barclays from $584.00 to $579.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the scientific and technical instruments company’s stock. Barclays‘s target price suggests a potential upside of 5.32% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Morgan Stanley upped their target price on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Needham & Company LLC raised their price target on Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Citigroup initiated coverage on Teledyne Technologies in a research report on Friday, December 12th. They issued a “neutral” rating and a $567.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $600.75.

Teledyne Technologies Stock Performance

Shares of NYSE TDY traded up $0.74 during trading hours on Monday, reaching $549.76. The stock had a trading volume of 249,790 shares, compared to its average volume of 319,479. The firm has a 50-day moving average of $511.64 and a 200-day moving average of $535.65. The firm has a market cap of $25.81 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.34 and a beta of 1.03. The company has a current ratio of 1.79, a quick ratio of 1.20 and a debt-to-equity ratio of 0.20. Teledyne Technologies has a fifty-two week low of $419.00 and a fifty-two week high of $595.99.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 EPS for the quarter, topping the consensus estimate of $5.47 by $0.10. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.10 earnings per share. 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. Equities research analysts predict that Teledyne Technologies will post 21.55 earnings per share for the current year.

Hedge Funds Weigh In On Teledyne Technologies

A number of large investors have recently modified their holdings of the business. Dodge & Cox acquired a new stake in shares of Teledyne Technologies in the 2nd quarter worth approximately $767,307,000. Norges Bank purchased a new stake in Teledyne Technologies during the second quarter worth $317,986,000. Mariner LLC grew its holdings in Teledyne Technologies by 7,237.2% in the third quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock valued at $181,385,000 after purchasing an additional 305,337 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Teledyne Technologies in the third quarter valued at $129,791,000. Finally, Public Sector Pension Investment Board raised its stake in shares of Teledyne Technologies by 4,520.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock worth $120,982,000 after buying an additional 201,972 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

About Teledyne Technologies

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.