Teledyne Technologies Incorporated (NYSE:TDY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Teledyne Technologies has received an average rating of "Moderate Buy" from analysts, with one hold rating and seven buy ratings, and an average 12-month price target of approximately $576.57.
• The company reported $5.20 EPS for the last quarter, exceeding estimates and representing a year-over-year revenue increase of 10.2%.
• Teledyne's board has authorized a share repurchase plan worth $2 billion, indicating confidence in the company's undervalued stock.

Shares of Teledyne Technologies Incorporated (NYSE:TDY - Get Free Report) have received an average rating of "Moderate Buy" from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $576.5714.

Several analysts have issued reports on the company. Morgan Stanley upped their target price on Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. UBS Group upped their target price on Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Stifel Nicolaus assumed coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price for the company. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Teledyne Technologies in a research note on Saturday, September 27th.

Teledyne Technologies Stock Up 0.9%

Shares of NYSE TDY opened at $587.15 on Monday. Teledyne Technologies has a 12 month low of $419.00 and a 12 month high of $590.09. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $27.53 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.73 and a beta of 1.11. The business has a 50-day moving average of $553.33 and a 200-day moving average of $514.81.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%.Teledyne Technologies's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.58 earnings per share. Teledyne Technologies has set its FY 2025 guidance at 21.200-21.50 EPS. Q3 2025 guidance at 5.350-5.45 EPS. Sell-side analysts expect that Teledyne Technologies will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies announced that its board has authorized a share repurchase plan on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Insider Activity

In other news, CEO George C. Bobb III sold 6,735 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $555.41, for a total transaction of $3,740,686.35. Following the completion of the sale, the chief executive officer owned 10,391 shares of the company's stock, valued at approximately $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael T. Smith sold 1,975 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $560.10, for a total value of $1,106,197.50. Following the sale, the director directly owned 51,328 shares of the company's stock, valued at approximately $28,748,812.80. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,021 shares of company stock valued at $8,315,662. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Teledyne Technologies

Institutional investors have recently made changes to their positions in the stock. Central Pacific Bank Trust Division raised its holdings in shares of Teledyne Technologies by 16.4% during the third quarter. Central Pacific Bank Trust Division now owns 638 shares of the scientific and technical instruments company's stock valued at $374,000 after acquiring an additional 90 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Teledyne Technologies by 19.9% during the third quarter. GAMMA Investing LLC now owns 1,273 shares of the scientific and technical instruments company's stock valued at $746,000 after acquiring an additional 211 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Teledyne Technologies by 77.2% during the second quarter. Osaic Holdings Inc. now owns 3,302 shares of the scientific and technical instruments company's stock valued at $1,692,000 after acquiring an additional 1,439 shares in the last quarter. Promus Capital LLC raised its holdings in shares of Teledyne Technologies by 23.8% during the second quarter. Promus Capital LLC now owns 2,463 shares of the scientific and technical instruments company's stock valued at $1,262,000 after acquiring an additional 474 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Teledyne Technologies during the second quarter valued at approximately $63,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

About Teledyne Technologies

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.

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