Teledyne Technologies (NYSE:TDY) Rating Lowered to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Teledyne Technologies to “Hold” from “Strong Buy,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $721.67.
• Teledyne reported quarterly earnings of $6.28 per share, beating estimates of $5.79, while revenue rose 9.8% year over year to $1.66 billion.
• Shares opened at $633.88, up 1.1%, but remain below the 12-month high of $697.67; an insider also sold 6,449 shares worth approximately $4.39 million.

Teledyne Technologies (NYSE:TDY - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Barclays upped their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Citigroup lifted their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a "neutral" rating in a report on Wednesday, July 1st. Jefferies Financial Group upgraded shares of Teledyne Technologies to a "strong-buy" rating in a research note on Wednesday, June 10th. Stifel Nicolaus upped their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, Morgan Stanley increased their target price on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $721.67.

Teledyne Technologies Stock Up 1.1%

Shares of TDY opened at $633.88 on Tuesday. The stock has a market cap of $29.39 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 2.73 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. Teledyne Technologies has a 12 month low of $483.02 and a 12 month high of $697.67. The company has a 50-day moving average price of $648.02 and a two-hundred day moving average price of $641.63.

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 earnings per share for the quarter, beating analysts' consensus estimates of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business earned $5.20 earnings per share. The company's quarterly revenue was up 9.8% on a year-over-year basis. 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. Equities analysts predict that Teledyne Technologies will post 24.69 EPS for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other news, Director Simon M. Lorne sold 6,449 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Teledyne Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $28,000. Allied Private Wealth LLC bought a new position in Teledyne Technologies during the second quarter worth about $28,000. Meeder Asset Management Inc. acquired a new stake in shares of Teledyne Technologies in the first quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. acquired a new position in Teledyne Technologies in the 2nd quarter valued at $33,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Teledyne Technologies during the second quarter worth about $35,000. 91.58% of the stock is owned by institutional investors.

About Teledyne Technologies

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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