Teledyne Technologies (TDY) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teledyne Technologies in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TDY shares.
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3 equities research analysts have issued 1-year target prices for Teledyne Technologies' stock. Their TDY share price forecasts range from $470.00 to $565.00. On average, they predict the company's share price to reach $505.50 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price.
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Teledyne Technologies' stock was trading at $399.91 at the start of the year. Since then, TDY stock has decreased by 2.8% and is now trading at $388.65.
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Teledyne Technologies saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 509,200 shares, a decrease of 17.4% from the April 30th total of 616,400 shares. Based on an average daily volume of 186,400 shares, the short-interest ratio is presently 2.7 days. Approximately 1.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our TDY earnings forecast.

Teledyne Technologies Incorporated (NYSE:TDY) released its quarterly earnings results on Wednesday, April, 26th. The scientific and technical instruments company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.10. The scientific and technical instruments company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Teledyne Technologies had a net margin of 13.67% and a trailing twelve-month return on equity of 10.98%. Teledyne Technologies's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.27 earnings per share.
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ETFs with the largest weight of Teledyne Technologies (NYSE:TDY) stock in their portfolio include SPDR S&P Kensho Final Frontiers ETF (ROKT), VictoryShares THB Mid Cap ESG ETF (MDCP), Invesco DWA Momentum ETF (PDP), ASYMmetric Smart S&P 500 ETF (ASPY), SPDR S&P Kensho New Economies Composite ETF (KOMP), SPDR Kensho Future Security ETF (FITE), Invesco Aerospace & Defense ETF (PPA) and T. Rowe Price Growth Stock ETF (TGRW).

Teledyne Technologies updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $4.56-$4.66 for the period, compared to the consensus estimate of $4.67. The company issued revenue guidance of -.

122 employees have rated Teledyne Technologies Chief Executive Officer Robert Mehrabian on Glassdoor.com. Robert Mehrabian has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Teledyne Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), Advanced Micro Devices (AMD), Lululemon Athletica (LULU), Walt Disney (DIS), DexCom (DXCM), Home Depot (HD), Adobe (ADBE) and Lockheed Martin (LMT).

Teledyne Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "TDY."

Teledyne Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (12.27%), BlackRock Inc. (7.78%), Select Equity Group L.P. (4.71%), State Street Corp (4.03%), Envestnet Asset Management Inc. (3.11%) and Kayne Anderson Rudnick Investment Management LLC (2.67%). Insiders that own company stock include Aldo Pichelli, Charles Crocker, Cynthia Y Belak, George C Bobb III, Jason Vanwees, Kenneth C Dahlberg, Melanie Susan Cibik, Michael T Smith, Michelle Kumbier, Robert Mehrabian, Roxanne S Austin, Schack Wesley W Von, Simon M Lorne, Stephen Finis Blackwood and Sue Main.
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Shares of TDY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TDY stock can currently be purchased for approximately $388.65.

Teledyne Technologies (NYSE:TDY) has a market capitalization of $18.29 billion and generates $5.46 billion in revenue each year. The scientific and technical instruments company earns $788.60 million in net income (profit) each year or $15.80 on an earnings per share basis.

The company employs 14,700 workers across the globe.

Teledyne Technologies' mailing address is 1049 CAMINO DOS RIOS, THOUSAND OAKS CA, 91360. The official website for the company is www.teledyne.com. The scientific and technical instruments company can be reached via phone at (805) 373-4545 or via fax at 805-373-4775.