Teledyne Technologies (NYSE:TDY) Price Target Raised to $677.00

Teledyne Technologies (NYSE:TDY) had its target price hoisted by Citigroup from $649.00 to $677.00 in a report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the scientific and technical instruments company’s stock.

A number of other brokerages have also recently weighed in on TDY. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Stifel Nicolaus increased their price objective on Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Needham & Company LLC raised their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Jefferies Financial Group boosted their target price on Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Morgan Stanley upped their target price on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $665.88.

Teledyne Technologies Price Performance

NYSE TDY opened at $624.13 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $28.90 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 3.08 and a beta of 1.01. Teledyne Technologies has a 12-month low of $419.00 and a 12-month high of $693.38. The company has a 50 day moving average price of $643.16 and a two-hundred day moving average price of $574.18.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 EPS for the quarter, topping the consensus estimate of $5.83 by $0.47. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business posted $5.52 EPS. Teledyne Technologies’s quarterly revenue was up 7.3% on a year-over-year basis. Teledyne Technologies has set its FY 2026 guidance at 23.450-23.850 EPS and its Q1 2026 guidance at 5.40-5.500 EPS. As a group, equities analysts predict that Teledyne Technologies will post 21.55 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael T. Smith sold 2,469 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the completion of the sale, the director owned 47,328 shares in the company, valued at $29,390,688. This represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jason Vanwees sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $630.46, for a total value of $1,576,150.00. Following the sale, the insider owned 2,644 shares of the company’s stock, valued at approximately $1,666,936.24. The trade was a 48.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,500 shares of company stock worth $7,214,750. 1.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TDY. Hsbc Holdings PLC grew its stake in shares of Teledyne Technologies by 81.8% in the fourth quarter. Hsbc Holdings PLC now owns 216,171 shares of the scientific and technical instruments company’s stock worth $110,495,000 after acquiring an additional 97,281 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Teledyne Technologies by 0.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 64,226 shares of the scientific and technical instruments company’s stock valued at $32,803,000 after purchasing an additional 290 shares during the last quarter. SHP Wealth Management bought a new stake in Teledyne Technologies in the 4th quarter valued at $98,000. Caitong International Asset Management Co. Ltd boosted its holdings in Teledyne Technologies by 262.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 116 shares of the scientific and technical instruments company’s stock valued at $59,000 after purchasing an additional 84 shares during the period. Finally, BDFS Capital LLC acquired a new stake in Teledyne Technologies in the 4th quarter worth $225,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.