Teledyne Technologies (NYSE:TDY) Price Target Raised to $620.00 at Morgan Stanley

Teledyne Technologies (NYSE:TDY) had its price target raised by Morgan Stanley from $580.00 to $620.00 in a research note released on Wednesday,Benzinga reports. They currently have an equal weight rating on the scientific and technical instruments company’s stock.

TDY has been the topic of several other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, October 8th. UBS Group lifted their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a “buy” rating and a $626.00 target price on the stock. Finally, Barclays started coverage on shares of Teledyne Technologies in a research report on Wednesday, October 8th. They set an “equal weight” rating and a $606.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $585.25.

Teledyne Technologies Trading Down 1.1%

Shares of Teledyne Technologies stock opened at $565.72 on Wednesday. The firm has a market capitalization of $26.53 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 2.65 and a beta of 1.11. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $557.52 and its 200 day moving average is $518.65. Teledyne Technologies has a 1 year low of $419.00 and a 1 year high of $595.99.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.58 EPS. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Equities research analysts forecast that Teledyne Technologies will post 21.55 earnings per share for the current fiscal year.

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

Insider Transactions at Teledyne Technologies

In other news, CEO George C. Bobb III sold 6,735 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total value of $3,740,686.35. Following the transaction, the chief executive officer owned 10,391 shares in the company, valued at approximately $5,771,265.31. The trade was a 39.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Simon M. Lorne sold 6,311 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $549.64, for a total transaction of $3,468,778.04. Following the transaction, the director owned 61,913 shares in the company, valued at $34,029,861.32. The trade was a 9.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,021 shares of company stock worth $8,315,662. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TDY. GAMMA Investing LLC lifted its position in shares of Teledyne Technologies by 24.6% during the 1st quarter. GAMMA Investing LLC now owns 998 shares of the scientific and technical instruments company’s stock valued at $497,000 after acquiring an additional 197 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Teledyne Technologies by 11.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,040 shares of the scientific and technical instruments company’s stock worth $1,015,000 after buying an additional 205 shares during the last quarter. Sagespring Wealth Partners LLC raised its holdings in Teledyne Technologies by 3.9% during the first quarter. Sagespring Wealth Partners LLC now owns 663 shares of the scientific and technical instruments company’s stock worth $330,000 after buying an additional 25 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Teledyne Technologies during the first quarter worth $275,000. Finally, State of Alaska Department of Revenue raised its holdings in Teledyne Technologies by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 5,455 shares of the scientific and technical instruments company’s stock worth $2,715,000 after buying an additional 140 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.