Teledyne Technologies (NYSE:TDY) Sets New 52-Week High - Still a Buy?

Key Points

• Teledyne Technologies shares reached a new 52-week high of $697.67, while analysts maintain a “Moderate Buy” consensus with an average price target of $715.83.
• The company exceeded quarterly expectations, reporting $6.28 in adjusted EPS versus the $5.79 consensus and $1.66 billion in revenue, up 9.8% year over year.
• Analysts have raised targets as high as $775, though valuation remains elevated at a price-to-earnings ratio of 33.34; institutional investors own approximately 91.6% of the stock.

Shares of Teledyne Technologies Incorporated (NYSE:TDY - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $697.67 and last traded at $690.53, with a volume of 326483 shares trading hands. The stock had previously closed at $691.30.

Analyst Upgrades and Downgrades

TDY has been the topic of several recent research reports. Barclays boosted their target price on Teledyne Technologies from $614.00 to $640.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. Jefferies Financial Group upgraded Teledyne Technologies to a "strong-buy" rating in a research report on Wednesday, June 10th. Citigroup boosted their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 1st. Needham & Company LLC upped their target price on Teledyne Technologies from $735.00 to $750.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Finally, Stifel Nicolaus raised their target price on Teledyne Technologies from $750.00 to $775.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $715.83.

Teledyne Technologies Stock Performance

The firm has a 50 day simple moving average of $638.90 and a 200-day simple moving average of $638.71. 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 has a market cap of $32.01 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 3.01 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, beating the consensus estimate of $5.79 by $0.49. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.20 EPS. 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. As a group, analysts predict that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Teledyne Technologies

A number of hedge funds have recently made changes to their positions in TDY. Trust Co. of Vermont acquired a new position in Teledyne Technologies in the 2nd quarter valued at about $28,000. Allied Private Wealth LLC acquired a new position in shares of Teledyne Technologies in the second quarter valued at approximately $28,000. Meeder Asset Management Inc. acquired a new position in shares of Teledyne Technologies in the first quarter valued at approximately $27,000. DV Equities LLC purchased a new stake in Teledyne Technologies during the 4th quarter worth approximately $33,000. Finally, CoreCap Advisors LLC increased its stake in Teledyne Technologies by 94.6% during the 2nd quarter. CoreCap Advisors LLC now owns 72 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source