Teledyne Technologies (NYSE:TDY) Given New $680.00 Price Target at Citigroup

Teledyne Technologies (NYSE:TDY) had its price objective hoisted by equities researchers at Citigroup from $677.00 to $680.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the scientific and technical instruments company’s stock. Citigroup’s price objective points to a potential upside of 1.19% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Stifel Nicolaus lifted their price objective on shares of Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Barclays raised their price target on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $694.14.

Teledyne Technologies Stock Up 0.8%

Shares of TDY traded up $5.07 on Wednesday, reaching $671.97. The company’s stock had a trading volume of 60,235 shares, compared to its average volume of 350,022. Teledyne Technologies has a twelve month low of $483.02 and a twelve month high of $693.38. The stock has a market capitalization of $31.13 billion, a PE ratio of 34.00, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $627.21 and a 200-day moving average of $614.08.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, April 22nd. The scientific and technical instruments company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.48 by $0.32. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Teledyne Technologies had a return on equity of 10.24% and a net margin of 14.99%.The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.95 EPS. Teledyne Technologies has set its FY 2026 guidance at 23.850-24.150 EPS and its Q2 2026 guidance at 5.700-5.800 EPS. Equities analysts predict that Teledyne Technologies will post 24.01 EPS for the current year.

Institutional Investors Weigh In On Teledyne Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of TDY. Covea Finance boosted its position in Teledyne Technologies by 7.5% during the fourth quarter. Covea Finance now owns 51,834 shares of the scientific and technical instruments company’s stock worth $26,473,000 after purchasing an additional 3,600 shares in the last quarter. Mariner LLC increased its position in shares of Teledyne Technologies by 7,237.2% in the third quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock valued at $181,385,000 after buying an additional 305,337 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Teledyne Technologies during the 3rd quarter worth approximately $4,923,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Teledyne Technologies by 32.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,972 shares of the scientific and technical instruments company’s stock valued at $7,647,000 after buying an additional 3,627 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Teledyne Technologies by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company’s stock valued at $649,524,000 after buying an additional 13,647 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

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.