Barclays Cuts Teledyne Technologies (NYSE:TDY) Price Target to $579.00

Teledyne Technologies (NYSE:TDY) had its target price lowered by Barclays from $584.00 to $579.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the scientific and technical instruments company’s stock.

Several other research firms have also recently issued reports on TDY. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Stifel Nicolaus increased their price objective on Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Morgan Stanley boosted their target price on Teledyne Technologies from $580.00 to $620.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Citigroup began coverage on Teledyne Technologies in a research note on Friday, December 12th. They issued a “neutral” rating and a $567.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and an average price target of $605.38.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $561.83 on Monday. The business’s fifty day moving average is $514.12 and its 200 day moving average is $536.45. The firm has a market cap of $26.38 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.20 and a current ratio of 1.79. Teledyne Technologies has a 52-week low of $419.00 and a 52-week high of $595.99.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 EPS for the quarter, topping the consensus estimate of $5.47 by $0.10. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company earned $5.10 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS and its Q4 2025 guidance at 5.730-5.880 EPS. Research analysts predict that Teledyne Technologies will post 21.55 EPS for the current year.

Hedge Funds Weigh In On Teledyne Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TDY. ORG Partners LLC raised its holdings in shares of Teledyne Technologies by 22.3% during the 4th quarter. ORG Partners LLC now owns 428 shares of the scientific and technical instruments company’s stock valued at $219,000 after buying an additional 78 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Teledyne Technologies in the 4th quarter worth approximately $107,000. Acropolis Investment Management LLC purchased a new stake in shares of Teledyne Technologies in the 4th quarter valued at $221,000. Crumly & Associates Inc. grew its holdings in shares of Teledyne Technologies by 2.9% during the 4th quarter. Crumly & Associates Inc. now owns 887 shares of the scientific and technical instruments company’s stock valued at $453,000 after purchasing an additional 25 shares during the last quarter. Finally, Net Worth Advisory Group grew its holdings in shares of Teledyne Technologies by 9.9% during the 4th quarter. Net Worth Advisory Group now owns 1,696 shares of the scientific and technical instruments company’s stock valued at $866,000 after purchasing an additional 153 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Company Profile

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.