Teledyne Technologies (NYSE:TDY) Price Target Raised to $645.00

Teledyne Technologies (NYSE:TDY) had its target price upped by Stifel Nicolaus from $626.00 to $645.00 in a report released on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the scientific and technical instruments company’s stock.

Several other equities analysts have also weighed in on the stock. Morgan Stanley increased their price target on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Barclays decreased their price target on shares of Teledyne Technologies from $606.00 to $584.00 and set an “equal weight” rating for the company in a research note on Thursday. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group increased their price objective on Teledyne Technologies from $585.00 to $630.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $606.29.

Teledyne Technologies Stock Performance

Shares of TDY opened at $532.66 on Thursday. The stock has a 50 day moving average of $558.72 and a 200 day moving average of $523.44. The company has a market capitalization of $24.98 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 2.46 and a beta of 1.11. Teledyne Technologies has a 12 month low of $419.00 and a 12 month high of $595.99. The company has a current ratio of 1.79, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, topping the consensus estimate of $5.47 by $0.10. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the firm earned $5.10 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. 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 forecast that Teledyne Technologies will post 21.55 earnings per share for the current year.

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

Insider Activity

In other Teledyne Technologies news, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total transaction 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. The trade was a 39.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Smith sold 1,975 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 51,328 shares in the company, valued at approximately $28,748,812.80. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TDY. Golden State Wealth Management LLC boosted its stake in Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 35 shares during the period. SBI Securities Co. Ltd. raised its holdings 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 acquiring an additional 22 shares in the last quarter. Rexford Capital Inc. purchased a new stake in shares of Teledyne Technologies in the 2nd quarter valued at about $29,000. TCTC Holdings LLC boosted its position in shares of Teledyne Technologies by 97.4% during the 1st quarter. TCTC Holdings LLC now owns 75 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 37 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of 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 purchasing an additional 27 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Company Profile

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.