Teledyne Technologies (NYSE:TDY) Price Target Raised to $760.00

Teledyne Technologies (NYSE:TDY) had its price target increased by Needham & Company LLC from $750.00 to $760.00 in a research report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the scientific and technical instruments company’s stock.

Several other analysts have also recently issued reports on TDY. Zacks Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Barclays boosted their price target on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Morgan Stanley upped their price objective on shares of Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, Citigroup raised their price objective on shares of Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $723.33.

Teledyne Technologies Trading Up 0.3%

TDY opened at $602.91 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39. The company’s 50 day simple moving average is $638.54 and its two-hundred day simple moving average is $635.09. Teledyne Technologies has a 1-year low of $483.02 and a 1-year high of $697.67. The firm has a market capitalization of $27.95 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 2.61 and a beta of 0.91.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, topping the consensus estimate of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $5.20 EPS. The business’s revenue for the quarter 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. Analysts expect that Teledyne Technologies will post 24.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon Lorne sold 6,449 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 55,783 shares of the company’s stock, valued at $37,951,406.22. This trade represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Teledyne Technologies

Several large investors have recently bought and sold shares of TDY. BlackRock Inc. acquired a new stake in Teledyne Technologies in the second quarter valued at approximately $2,751,121,000. Jupiter Topco LLC purchased a new stake in shares of Teledyne Technologies in the 2nd quarter valued at approximately $1,027,237,000. Janus Henderson Group PLC increased its position in shares of Teledyne Technologies by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company’s stock valued at $864,811,000 after purchasing an additional 9,824 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Teledyne Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company’s stock valued at $649,524,000 after purchasing an additional 13,647 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Teledyne Technologies in the 4th quarter valued at $428,664,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

About Teledyne Technologies

Teledyne Technologies Incorporated (NYSE: TDY) is an industrial technology company that develops and manufactures advanced instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products are used in scientific research, industrial automation, environmental monitoring, medical imaging, transportation, and government and defense applications.

The company’s offerings include sensors, cameras, machine-vision systems, data-acquisition equipment, marine and environmental instruments, space and airborne imaging systems, and electronic components for aerospace and defense platforms.