Teledyne Technologies (NYSE:TDY) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Key Points

• Needham raised Teledyne Technologies’ price target to $760 from $750 and maintained a “buy” rating, implying approximately 27.4% upside from the reported share price.
• Analyst sentiment is generally positive but mixed: Teledyne has a “Moderate Buy” consensus rating and an average price target of $723.33, with ratings ranging from Strong Buy to Hold.
• Teledyne exceeded quarterly expectations, reporting $6.28 in earnings per share versus a $5.79 estimate and $1.66 billion in revenue, up 9.8% year over year. Institutional investors own 91.58% of the company’s stock, while a director recently sold 6,449 shares.

Teledyne Technologies (NYSE:TDY - Get Free Report) had its price target lifted by analysts at Needham & Company LLC from $750.00 to $760.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the scientific and technical instruments company's stock. Needham & Company LLC's price objective suggests a potential upside of 27.42% from the stock's current price.

A number of other equities research analysts have also commented on the company. Jefferies Financial Group upgraded Teledyne Technologies to a "strong-buy" rating in a research report on Wednesday, June 10th. Morgan Stanley increased their price target 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. Zacks Research cut shares of Teledyne Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Barclays boosted their price objective 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. Finally, Stifel Nicolaus upped their price objective on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $723.33.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $596.45 on Tuesday. The company's fifty day moving average is $640.79 and its two-hundred day moving average is $636.75. The company has a market cap of $27.65 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 2.63 and a beta of 0.91. Teledyne Technologies has a 12-month low of $483.02 and a 12-month high of $697.67. 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 (NYSE:TDY - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping the consensus estimate of $5.79 by $0.49. The business had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.Teledyne Technologies's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $5.20 earnings per share. 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 expect that Teledyne Technologies will post 24.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Simon Lorne sold 6,449 shares of the firm'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 sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Teledyne Technologies

Hedge funds have recently added to or reduced their stakes in the company. Core Capital Management & Research inc. acquired a new stake in shares of Teledyne Technologies during the second quarter worth approximately $3,035,000. Engineers Gate Manager LP acquired a new position in shares of Teledyne Technologies in the 2nd quarter worth approximately $362,000. NewEdge Advisors LLC grew its position in Teledyne Technologies by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 589 shares of the scientific and technical instruments company's stock worth $393,000 after acquiring an additional 119 shares during the last quarter. IFP Advisors Inc grew its position in Teledyne Technologies by 42.7% during the 2nd quarter. IFP Advisors Inc now owns 167 shares of the scientific and technical instruments company's stock worth $111,000 after acquiring an additional 50 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Teledyne Technologies by 3.3% during the 2nd quarter. Squarepoint Ops LLC now owns 30,203 shares of the scientific and technical instruments company's stock valued at $20,142,000 after purchasing an additional 955 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Company Profile

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.

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