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

Key Points

• Morgan Stanley raised Teledyne Technologies’ price target from $680 to $715 while maintaining an “equal weight” rating, implying 5.54% upside. The analyst consensus is “Moderate Buy,” with an average target of $721.67.
• Teledyne reported quarterly earnings of $6.28 per share, exceeding the $5.79 consensus estimate, while revenue reached $1.66 billion and rose 9.8% year over year.
• Shares fell 1.3% to $677.46, while Director Simon M. Lorne sold 6,449 shares for approximately $4.39 million. Institutional investors and hedge funds own 91.58% of the company.

Teledyne Technologies (NYSE:TDY - Get Free Report) had its price target boosted by equities researchers at Morgan Stanley from $680.00 to $715.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the scientific and technical instruments company's stock. Morgan Stanley's target price would indicate a potential upside of 5.54% from the company's previous close.

A number of other brokerages have also commented on TDY. Stifel Nicolaus raised their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Jefferies Financial Group raised Teledyne Technologies to a "strong-buy" rating in a research report on Wednesday, June 10th. Needham & Company LLC upped their target price on Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Zacks Research raised Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Finally, Barclays raised their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $721.67.

Teledyne Technologies Trading Down 1.3%

Shares of NYSE TDY traded down $9.03 during midday trading on Thursday, hitting $677.46. The company's stock had a trading volume of 23,774 shares, compared to its average volume of 360,616. Teledyne Technologies has a 12-month low of $483.02 and a 12-month high of $697.67. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. The firm has a market cap of $31.41 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.97 and a beta of 0.92. The business's 50 day moving average is $641.51 and its two-hundred day moving average is $639.58.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, topping analysts' consensus estimates 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 business'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. As a group, equities research analysts expect that Teledyne Technologies will post 24.69 EPS for the current year.

Insider Activity

In other news, Director Simon M. Lorne sold 6,449 shares of the business's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total value 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 approximately $37,951,406.22. The trade was a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.36% of the company's stock.

Hedge Funds Weigh In On Teledyne Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new stake in Teledyne Technologies in the first quarter valued at approximately $27,000. Allied Private Wealth LLC acquired a new position in shares of Teledyne Technologies during the second quarter worth $28,000. Trust Co. of Vermont purchased a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $28,000. DV Equities LLC purchased a new position in shares of Teledyne Technologies in the 4th quarter valued at approximately $33,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Teledyne Technologies in the 2nd quarter worth $35,000. 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.

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