Teledyne Technologies (NYSE:TDY – Free Report) had its target price hoisted by Morgan Stanley from $680.00 to $715.00 in a research report report published on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the scientific and technical instruments company’s stock.
Other research analysts also recently issued research reports about the stock. Zacks Research raised shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Citigroup upped their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Needham & Company LLC raised their price objective on Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Finally, Stifel Nicolaus lifted their target price on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $721.67.
Check Out Our Latest Analysis on TDY
Teledyne Technologies Price Performance
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, beating the consensus estimate of $5.79 by $0.49. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business earned $5.20 earnings per share. Teledyne Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. 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. Sell-side analysts forecast that Teledyne Technologies will post 24.69 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Simon M. Lorne sold 6,449 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total value of $4,387,512.66. Following the sale, the director directly owned 55,783 shares of the company’s stock, valued at $37,951,406.22. This represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.36% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Teledyne Technologies during the 2nd quarter worth approximately $2,751,121,000. Jupiter Topco LLC bought a new position in Teledyne Technologies in the 2nd quarter valued at $1,027,237,000. Norges Bank bought a new position in Teledyne Technologies in the 4th quarter valued at $428,664,000. Findlay Park Partners LLP purchased a new stake in Teledyne Technologies in the second quarter worth $277,363,000. Finally, FIL Ltd increased its stake in Teledyne Technologies by 25.2% in the fourth quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company’s stock worth $698,238,000 after purchasing an additional 274,976 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Company Profile
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.
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