Teledyne Technologies (NYSE:TDY) Sets New 1-Year High – Should You Buy?

Teledyne Technologies Incorporated (NYSE:TDY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $693.50 and last traded at $692.86, with a volume of 45908 shares traded. The stock had previously closed at $684.76.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TDY. Citigroup upped their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Zacks Research upgraded Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Barclays boosted their price objective on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Stifel Nicolaus lifted their price objective on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $715.83.

Teledyne Technologies Trading Up 0.3%

The firm has a market cap of $31.84 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.92 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $633.39 and a 200 day moving average price of $635.52.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company earned $5.20 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. 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, research analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Teledyne Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Teledyne Technologies during the 1st quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teledyne Technologies in the fourth quarter worth about $28,000. Allied Private Wealth LLC bought a new position in Teledyne Technologies in the 2nd quarter worth approximately $28,000. DV Equities LLC bought a new position in Teledyne Technologies during the fourth quarter worth $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Teledyne Technologies during the third quarter valued at about $43,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

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.