Teledyne Technologies Incorporated (NYSE:TDY – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $665.8750.
Several research firms have recently issued reports on TDY. Citigroup boosted their target price on shares of Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a research note on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Jefferies Financial Group lifted their price target on Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Stifel Nicolaus increased their price objective on Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Barclays raised their target price on Teledyne Technologies from $599.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th.
Check Out Our Latest Report on Teledyne Technologies
Teledyne Technologies Stock Up 0.2%
Teledyne Technologies (NYSE:TDY – Get Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.83 by $0.47. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm earned $5.52 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Teledyne Technologies has set its FY 2026 guidance at 23.450-23.850 EPS and its Q1 2026 guidance at 5.40-5.500 EPS. On average, equities research analysts anticipate that Teledyne Technologies will post 21.55 EPS for the current fiscal year.
Insider Buying and Selling
In other Teledyne Technologies news, Director Michael T. Smith sold 2,469 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the sale, the director owned 47,328 shares of the company’s stock, valued at approximately $29,390,688. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jason Vanwees sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $630.46, for a total transaction of $1,576,150.00. Following the completion of the transaction, the insider owned 2,644 shares of the company’s stock, valued at approximately $1,666,936.24. The trade was a 48.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 11,500 shares of company stock worth $7,214,750. 1.36% of the stock is owned by corporate insiders.
Institutional Trading of Teledyne Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the company. Abich Financial Wealth Management LLC purchased a new stake in shares of Teledyne Technologies in the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Teledyne Technologies during the 4th quarter worth approximately $28,000. Rexford Capital Inc. acquired a new position in Teledyne Technologies during the second quarter worth approximately $29,000. DV Equities LLC acquired a new position in Teledyne Technologies during the fourth quarter worth approximately $33,000. Finally, Board of the Pension Protection Fund purchased a new stake in Teledyne Technologies in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds 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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