Brokerages Set Teledyne Technologies Incorporated (NYSE:TDY) Price Target at $605.38

Teledyne Technologies Incorporated (NYSE:TDY) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $605.3750.

TDY has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Needham & Company LLC increased 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, October 23rd. Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley lifted their price objective on shares of Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Finally, Barclays decreased their target price on shares of Teledyne Technologies from $584.00 to $579.00 and set an “equal weight” rating for the company in a research report on Monday, January 12th.

Teledyne Technologies Trading Up 2.1%

NYSE:TDY opened at $581.87 on Wednesday. The firm has a 50-day simple moving average of $516.76 and a 200-day simple moving average of $537.16. Teledyne Technologies has a one year low of $419.00 and a one year high of $595.99. The firm has a market cap of $27.32 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.43 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.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data 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. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. Teledyne Technologies’s revenue was up 6.7% compared to the same quarter last year. During the same period last 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 analysts anticipate that Teledyne Technologies will post 21.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its holdings in Teledyne Technologies by 75.9% in the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 22 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Teledyne Technologies in the 3rd quarter valued at approximately $26,000. Rexford Capital Inc. acquired a new stake in Teledyne Technologies in the 2nd quarter worth approximately $29,000. First Horizon Advisors Inc. boosted its stake in Teledyne Technologies by 52.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 27 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in Teledyne Technologies during the 4th quarter worth approximately $41,000. 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.