Teledyne Technologies (NYSE:TDY) Stock Price Expected to Rise, Citigroup Analyst Says

Teledyne Technologies (NYSE:TDY) had its price objective raised by analysts at Citigroup from $567.00 to $604.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the scientific and technical instruments company’s stock. Citigroup’s price target indicates a potential upside of 8.42% from the company’s previous close.

Several other research firms also recently weighed in on TDY. Barclays lowered their target price on Teledyne Technologies from $584.00 to $579.00 and set an “equal weight” rating on the stock in a research report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Stifel Nicolaus boosted their target price on Teledyne Technologies from $626.00 to $645.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Morgan Stanley boosted their target price on Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Finally, Needham & Company LLC upped their target price on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $605.38.

Teledyne Technologies Stock Up 1.4%

Shares of TDY traded up $7.46 on Tuesday, reaching $557.09. The stock had a trading volume of 152,896 shares, compared to its average volume of 320,825. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.20 and a current ratio of 1.79. The company has a 50-day simple moving average of $512.27 and a 200-day simple moving average of $535.96. The firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 2.34 and a beta of 1.03. Teledyne Technologies has a 12-month low of $419.00 and a 12-month high of $595.99.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 EPS for the quarter, topping the consensus estimate of $5.47 by $0.10. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.10 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS and its Q4 2025 guidance at 5.730-5.880 EPS. Sell-side analysts predict that Teledyne Technologies will post 21.55 EPS for the current year.

Institutional Investors Weigh In On Teledyne Technologies

Large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. grew its stake in Teledyne Technologies by 75.9% during 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 purchasing an additional 22 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Teledyne Technologies during the third quarter worth about $26,000. Rexford Capital Inc. acquired a new stake in shares of Teledyne Technologies in the second quarter valued at approximately $29,000. First Horizon Advisors Inc. raised its stake in Teledyne Technologies by 52.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 27 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in Teledyne Technologies in the fourth quarter worth about $41,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

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.