NYSE:TDY

Teledyne Technologies (TDY) Stock Forecast, Price & News

$397.42

+6.01 (+1.54%)

(As of 06/2/2023 ET)

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Today's Range: $392.55
▼
$398.78
50-Day Range: $388.65
▼
$447.36
52-Week Range: $325.00
▼
$448.71

Volume: 313,260 shs
Average Volume: 210,420 shs
Market Capitalization: $18.70 billion

P/E Ratio: 25.15
Dividend Yield: N/A
Price Target: $505.50

Teledyne Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 27.2% Upside
$505.50 Price Target
Short Interest: Healthy
1.10% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.16
Upright™ Environmental Score
News Sentiment: 0.61
Based on 5 Articles This Week
Insider Trading: Selling Shares
$2.32 M Sold Last Quarter
Proj. Earnings Growth: 7.79%
From $19.12 to $20.61 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Aerospace Sector

6th out of 45 stocks

Search & Navigation Equipment Industry

1st out of 10 stocks

3.3

Analyst's Opinion

Consensus Rating
Teledyne Technologies has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $505.50, Teledyne Technologies has a forecasted upside of 27.2% from its current price of $397.42.
Amount of Analyst Coverage
Teledyne Technologies has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.10% of the float of Teledyne Technologies has been sold short.
Short Interest Ratio / Days to Cover
Teledyne Technologies has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Teledyne Technologies has recently decreased by 17.39%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Teledyne Technologies does not currently pay a dividend.
Dividend Growth
Teledyne Technologies does not have a long track record of dividend growth.

1.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Teledyne Technologies has received a -46.57% net impact score from Upright. Teledyne Technologies uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Societal stability & understanding among people". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Underwater positioning services", "Marine communication systems", "Airplane control systems", "Boat navigation lights", and "Space transport equipment" products. See details.
Environmental Sustainability
The Environmental Impact score for Teledyne Technologies is -2.16.

2.6

News and Social Media Coverage

News Sentiment
Teledyne Technologies has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Aerospace companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Teledyne Technologies this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for TDY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Teledyne Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Teledyne Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,322,578.00 in company stock.
Percentage Held by Insiders
Only 2.14% of the stock of Teledyne Technologies is held by insiders.
Percentage Held by Institutions
91.10% of the stock of Teledyne Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Teledyne Technologies are expected to grow by 7.79% in the coming year, from $19.12 to $20.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Teledyne Technologies is 25.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Teledyne Technologies is 25.15, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 12.16.
Price to Earnings Growth Ratio
Teledyne Technologies has a PEG Ratio of 3.14. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Teledyne Technologies has a P/B Ratio of 2.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Teledyne Technologies (NYSE:TDY) Stock

Teledyne Technologies, Inc. engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial, and other applications, and electronic test and measurement equipment. The Digital Imaging segment includes high-performance sensors, cameras, and systems within the visible, infrared, ultraviolet, and X-ray spectra. The Aerospace and Defense Electronics segment offers electronic components and subsystems, data acquisition and communications components and equipment, harsh environment interconnects, and general aviation batteries. The Engineered Systems segment consists of systems engineering, integration and advanced technology development, and complex manufacturing solutions. The company was founded in 1960 and is headquartered in Thousand Oaks, CA.

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TDY Stock News Headlines

May 29, 2023 | americanbankingnews.com

Teledyne Technologies (NYSE:TDY) Lifted to Buy at StockNews.com

May 27, 2023 | americanbankingnews.com

Teledyne Technologies (NYSE:TDY) Sees Large Volume Increase After Analyst Upgrade

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May 26, 2023 | americanbankingnews.com

Teledyne Technologies (NYSE:TDY) Price Target Raised to $565.00 at Bank of America

May 25, 2023 | msn.com

B of A Securities Maintains Teledyne Technologies (TDY) Buy Recommendation

May 25, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Technology Stocks: Digital Turbine (APPS), Teledyne Technologies (TDY) and Shopify (SHOP)

May 18, 2023 | americanbankingnews.com

Teledyne Technologies Incorporated (NYSE:TDY) VP Sells $826,000.00 in Stock

May 16, 2023 | americanbankingnews.com

StockNews.com Lowers Teledyne Technologies (NYSE:TDY) to Hold

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May 16, 2023 | americanbankingnews.com

Q2 2023 Earnings Estimate for Teledyne Technologies Incorporated Issued By Zacks Research (NYSE:TDY)

May 13, 2023 | americanbankingnews.com

Teledyne Technologies (NYSE:TDY) and Leonardo DRS (NASDAQ:DRS) Financial Survey

May 11, 2023 | finanznachrichten.de

Teledyne DALSA: New high performance 5GigE multispectral line scan camera from Teledyne extends vision capability

May 11, 2023 | finance.yahoo.com

New high performance 5GigE multispectral line scan camera from Teledyne extends vision capability

May 9, 2023 | marketwatch.com

Learn to Evaluate Teledyne Technologies ($TDY) using the Charts

May 5, 2023 | americanbankingnews.com

Brokers Offer Predictions for Teledyne Technologies Incorporated's Q2 2023 Earnings (NYSE:TDY)

May 3, 2023 | finance.yahoo.com

Teledyne Technologies Incorporated (NYSE:TDY) Q1 2023 Earnings Call Transcript

May 3, 2023 | americanbankingnews.com

Teledyne Technologies (NYSE:TDY) Stock Rating Upgraded by StockNews.com

May 2, 2023 | americanbankingnews.com

Credit Suisse Group Lowers Teledyne Technologies (NYSE:TDY) Price Target to $499.00

May 1, 2023 | finance.yahoo.com

Should You Investigate Teledyne Technologies Incorporated (NYSE:TDY) At US$414?

April 28, 2023 | msn.com

Credit Suisse Maintains Teledyne Technologies (TDY) Outperform Recommendation

April 28, 2023 | msn.com

Needham Maintains Teledyne Technologies (TDY) Buy Recommendation

April 28, 2023 | americanbankingnews.com

Teledyne Technologies (NYSE:TDY) Price Target Lowered to $470.00 at Needham & Company LLC

April 27, 2023 | markets.businessinsider.com

Teledyne Technologies (TDY) Receives a Hold from Morgan Stanley

April 27, 2023 | finance.yahoo.com

Q1 2023 Teledyne Technologies Inc Earnings Call

April 26, 2023 | markets.businessinsider.com

Goldman Sachs Remains a Hold on Teledyne Technologies (TDY)

April 26, 2023 | markets.businessinsider.com

Teledyne Drops As Profit Outlook Comes In Below View

April 26, 2023 | finance.yahoo.com

Compared to Estimates, Teledyne (TDY) Q1 Earnings: A Look at Key Metrics

See More Headlines

TDY Price History

30 days | 90 days | 365 days | Advanced Chart

TDY Company Calendar

Last Earnings: 4/26/2023
Today: 6/02/2023
Next Earnings (Estimated): 7/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Search & navigation equipment
Sub-Industry: Aerospace & Defense
Sector: Aerospace
Current Symbol: NYSE:TDY
CUSIP: 87936010
CIK: 1094285
Web: www.teledyne.com
Phone: (805) 373-4545
Fax: 805-373-4775
Employees: 14,700
Year Founded: 1960

Price Target and Rating

Average Stock Price Forecast: $505.50
High Stock Price Forecast: $565.00
Low Stock Price Forecast: $470.00
Forecasted Upside/Downside: +27.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $15.80
Trailing P/E Ratio: 25.15
Forward P/E Ratio: 20.79
P/E Growth: 3.14
Net Income: $788.60 million
Net Margins: 13.67%
Pretax Margin: 16.82%
Return on Equity: 10.98%
Return on Assets: 6.22%

Debt

Debt-to-Equity Ratio: 0.42
Current Ratio: 1.94
Quick Ratio: 1.30

Sales & Book Value

Annual Sales: $5.46 billion
Price / Sales: 3.43
Cash Flow: $26.18 per share
Price / Cash Flow: 15.18
Book Value: $177.82 per share
Price / Book: 2.23

Miscellaneous

Outstanding Shares: 47,050,000
Free Float: 46,039,000
Market Cap: $18.70 billion
Optionable: Optionable
Beta: 1.08

Social Links

Key Executives

Robert Mehrabian
Chairman, President & Chief Executive Officer

Susan Lee Main
Chief Financial Officer & Senior Vice President

R. Scott Hudson
Chief Information Officer & Vice President

Melanie Susan Cibik
Secretary, Chief Compliance Officer & Senior VP

Edwin Roks
EVP & Segment President-Teledyne Digital Imaging

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TDY Stock - Frequently Asked Questions

Should I buy or sell Teledyne Technologies stock right now?: 3 Wall Street 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 analysts is that investors should "buy" TDY shares.
View TDY analyst ratings or view top-rated stocks.
What is Teledyne Technologies' stock price forecast for 2023?: 3 Wall Street analysts have issued 12-month price targets for Teledyne Technologies' shares. Their TDY share price forecasts range from $470.00 to $565.00. On average, they predict the company's stock price to reach $505.50 in the next twelve months. This suggests a possible upside of 29.1% from the stock's current price.
View analysts price targets for TDY or view top-rated stocks among Wall Street analysts.
How have TDY shares performed in 2023?: Teledyne Technologies' stock was trading at $399.91 at the beginning of 2023. Since then, TDY stock has decreased by 2.1% and is now trading at $391.41.
View the best growth stocks for 2023 here.
Are investors shorting Teledyne Technologies?: Teledyne Technologies saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 509,200 shares, a decline of 17.4% from the April 30th total of 616,400 shares. Based on an average trading volume of 186,400 shares, the short-interest ratio is presently 2.7 days. Currently, 1.1% of the shares of the company are short sold.
View Teledyne Technologies' Short Interest.
When is Teledyne Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our TDY earnings forecast.
How were Teledyne Technologies' earnings last quarter?: Teledyne Technologies Incorporated (NYSE:TDY) announced its quarterly earnings data on Wednesday, April, 26th. The scientific and technical instruments company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.10. The scientific and technical instruments company earned $1.38 billion during 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.27 EPS.
Read the conference call transcript.
What ETFs hold Teledyne Technologies' stock?: 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).
What guidance has Teledyne Technologies issued on next quarter's earnings?: Teledyne Technologies issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $4.56-$4.66 for the period, compared to the consensus estimate of $4.67. The company issued revenue guidance of -.

What is Robert Mehrabian's approval rating as Teledyne Technologies' CEO?: 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.
What other stocks do shareholders of Teledyne Technologies own?: 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).
What is Teledyne Technologies' stock symbol?: Teledyne Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "TDY."
Who are Teledyne Technologies' major shareholders?: Teledyne Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends.
How do I buy shares of Teledyne Technologies?: 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.
Compare Top Brokerages Here.
What is Teledyne Technologies' stock price today?: One share of TDY stock can currently be purchased for approximately $391.41.
How much money does Teledyne Technologies make?: Teledyne Technologies (NYSE:TDY) has a market capitalization of $18.42 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.
How many employees does Teledyne Technologies have?: The company employs 14,700 workers across the globe.
Does Teledyne Technologies have any subsidiaries?: The following companies are subsidiares of Teledyne Technologies: Alia Corporation Inc, Bolt Technology Corp, Bowtech Products, CARIS, CDL do Brasil Equipamentos e Serviços Submarinos Sociedade Empresária Ltda., CETAC Technologies, DALSA, Demo Systems, Detcon Holdco Inc., Ensambles de Precision S.A. de C.V., Falcon Analytical, Frontline Test Equipment, GMI Group Holdings Limited, Hafmynd ehf, Hanson Research Corp, IST Oldham Instruments India Private Limited, Industrial Control Machines, Intelek, Intelek Limited, Intelek Pension Trustees Limited, Intelek Properties Limited, LeCroy (Beijing) Trading Co. Ltd., LeCroy Corporation, Lidar Aviation Services Inc., Maple Imaging LLC, Micralyne Inc, Ocean Design Ltda., Oldham Instrument (Shanghai) Co. Ltd., Oldham Simtronics SAS, Oldham-Winter GmbH, PDM Neptec, Reynolds Industries Limited, Rhombi Canada LP, Rhombi Holdings Limited, Rhombi Netherlands B.V., Rockwell Scientific Company, Simtronics AS, TDY Jersey Limited, Teledyne Advanced Pollution Instrumentation, Teledyne Australia Pty Ltd, Teledyne BlueView, Teledyne Bogatin Enterprises LLC, Teledyne Bowtech Limited, Teledyne Brown Engineering Inc., Teledyne C.M.L. Group Limited, Teledyne CARIS B.V., Teledyne CARIS Inc., Teledyne CARIS UK Ltd., Teledyne CARIS USA Inc., Teledyne CDL Inc., Teledyne CDL Limited, Teledyne Catalyst Enterprises Inc., Teledyne Computer Access Technology Corporation, Teledyne Controls LLC, Teledyne Cougar, Teledyne Czech s.r.o., Teledyne DALSA (Shanghai) Trading Co. Ltd., Teledyne DALSA Asia-Pacific Ltd., Teledyne DALSA B.V., Teledyne DALSA GmbH, Teledyne DALSA Inc., Teledyne DALSA Industrial Products Inc., Teledyne DALSA K.K., Teledyne DALSA Semiconductor Inc., Teledyne Dalsa, Teledyne Defense Electronics LLC, Teledyne Denmark A/S, Teledyne Detcon Inc., Teledyne Digital Imaging Inc., Teledyne Digital Imaging US Inc., Teledyne Energy Systems Inc., Teledyne Europe Holdings C.V., Teledyne France, Teledyne France SAS, Teledyne Gas Measurement Instruments Limited, Teledyne Gavia ehf., Teledyne Germany GmbH, Teledyne Hanson Research Inc., Teledyne ICM SA, Teledyne ICM SPRL, Teledyne Innovaciones Microelectronics S.L.U., Teledyne Instruments Inc., Teledyne Instruments Malaysia Sdn. Bhd., Teledyne Japan Corporation, Teledyne Korea Ltd., Teledyne Labtech Limited, Teledyne LeCroy AB, Teledyne LeCroy Delaware LLC, Teledyne LeCroy GmbH, Teledyne LeCroy Inc., Teledyne LeCroy India Trading Private Ltd., Teledyne LeCroy Japan Corporation, Teledyne LeCroy Korea Ltd., Teledyne LeCroy OakGate Inc., Teledyne LeCroy S.A.R.L., Teledyne LeCroy S.R.L., Teledyne LeCroy SA, Teledyne LeCroy Singapore Pte. Ltd., Teledyne Limited, Teledyne Micralyne Inc., Teledyne Monitor Labs, Teledyne Monitor Labs P.R. Inc., Teledyne Netherlands B.V., Teledyne ODI, Teledyne Optech Inc., Teledyne Paradise Datacom Limited, Teledyne RD Instruments, Teledyne RD Technologies (Shanghai) Co. Ltd., Teledyne RESON, Teledyne RESON A/S, Teledyne RESON B.V., Teledyne RESON GmbH, Teledyne RESON Holding B.V., Teledyne RESON Inc., Teledyne RESON Pte. Ltd., Teledyne RESON UK Limited, Teledyne RISI Inc., Teledyne Rad-icon Imaging Corp., Teledyne Redlake MASD LLC, Teledyne Reynolds Inc., Teledyne SG Brown Limited, Teledyne Scientific & Imaging LLC, Teledyne Scientific Imaging GmbH, Teledyne Scientific Imaging Limited, Teledyne Signal Processing Devices Sweden AB, Teledyne Singapore Private Limited, Teledyne TSS Limited, Teledyne Taiwan Company, Teledyne Technologies (Bermuda) Limited, Teledyne Technologies (Shanghai) Co. Ltd., Teledyne Technologies International Corp., Teledyne Technologies Israel Ltd., Teledyne Tekmar Company, Teledyne UK Limited, Teledyne VariSystems, Teledyne VariSystems Inc., Teledyne Wireless LLC, Teledyne e2v, Teledyne e2v (Beijing) Co. Ltd., Teledyne e2v (Overseas) Holdings Limited, Teledyne e2v Asia Pacific Limited, Teledyne e2v Limited, Teledyne e2v Semiconductors SAS, and The Oceanscience Group Ltd..
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How can I contact Teledyne Technologies?: 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.

This page (NYSE:TDY) was last updated on 6/2/2023 by MarketBeat.com Staff

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