Teledyne Technologies (NYSE:TDY) Price Target Raised to $615.00

Teledyne Technologies (NYSE:TDY) had its price objective upped by Needham & Company LLC from $585.00 to $615.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the scientific and technical instruments company’s stock.

A number of other research analysts have also recently commented on TDY. Morgan Stanley raised their price target 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. UBS Group increased their price objective on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Barclays initiated coverage on shares of Teledyne Technologies in a research note on Wednesday, October 8th. They issued an “equal weight” rating and a $606.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $606.29.

Teledyne Technologies Price Performance

NYSE:TDY opened at $532.66 on Thursday. Teledyne Technologies has a 52 week low of $419.00 and a 52 week high of $595.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.79. The firm’s 50-day simple moving average is $558.72 and its 200 day simple moving average is $523.44. The firm has a market cap of $24.98 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 2.46 and a beta of 1.11.

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

Teledyne Technologies announced that its Board of Directors has authorized a share repurchase program on Wednesday, July 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Teledyne Technologies

In other news, CEO George C. Bobb III sold 6,735 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total value of $3,740,686.35. Following the completion of the transaction, the chief executive officer owned 10,391 shares of the company’s stock, valued at $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the sale, the director owned 51,328 shares in the company, valued at approximately $28,748,812.80. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Teledyne Technologies

Several institutional investors and hedge funds have recently made changes to their positions in TDY. Golden State Wealth Management LLC lifted its stake in shares of Teledyne Technologies by 205.9% in the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 35 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Teledyne Technologies by 75.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 22 shares during the last quarter. Rexford Capital Inc. acquired a new stake in shares of Teledyne Technologies during the second quarter worth $29,000. TCTC Holdings LLC raised its stake in Teledyne Technologies by 97.4% during the first quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 37 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Teledyne Technologies by 52.9% during the second quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

About Teledyne Technologies

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.