Teledyne Technologies (NYSE:TDY – Get Free Report) had its price objective hoisted by stock analysts at Needham & Company LLC from $735.00 to $750.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the scientific and technical instruments company’s stock. Needham & Company LLC’s target price suggests a potential upside of 15.32% from the stock’s previous close.
Several other research firms have also issued reports on TDY. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Barclays raised their price objective on Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Citigroup lifted their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, Stifel Nicolaus raised their price target on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $696.29.
Teledyne Technologies Stock Up 0.4%
Teledyne Technologies (NYSE:TDY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping the consensus estimate of $5.79 by $0.49. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. Teledyne Technologies’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.20 earnings per share. Teledyne Technologies has set its FY 2026 guidance at 24.450-24.650 EPS and its Q3 2026 guidance at 6.050-6.150 EPS. As a group, sell-side analysts anticipate that Teledyne Technologies will post 24.1 earnings per share for the current fiscal year.
Institutional Trading of Teledyne Technologies
Several institutional investors have recently added to or reduced their stakes in TDY. Jones Financial Companies Lllp lifted its holdings in shares of Teledyne Technologies by 874.5% during the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock valued at $970,000 after purchasing an additional 1,749 shares in the last quarter. Empowered Funds LLC increased its holdings in Teledyne Technologies by 78.6% in the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock worth $772,000 after buying an additional 683 shares in the last quarter. Focus Partners Wealth raised its position in Teledyne Technologies by 48.4% in the 1st quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock worth $416,000 after buying an additional 272 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Teledyne Technologies in the 2nd quarter worth about $5,590,000. Finally, Cresset Asset Management LLC lifted its stake in Teledyne Technologies by 2.5% during the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after acquiring an additional 20 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
Key Teledyne Technologies News
Here are the key news stories impacting Teledyne Technologies this week:
- Positive Sentiment: Teledyne beat Q2 expectations with non-GAAP EPS of $6.28 and revenue of $1.66 billion, both ahead of analyst estimates, while sales rose 9.8% year over year. Teledyne Technologies Reports Second Quarter Results
- Positive Sentiment: The company raised its full-year 2026 EPS guidance to $24.45-$24.65 and guided Q3 EPS to $6.05-$6.15, both above consensus, signaling continued earnings momentum. Teledyne Technologies Reports Second Quarter Results
- Positive Sentiment: Management highlighted record quarterly orders, sales, and operating profit, which suggests demand remains healthy across the business. Teledyne Technologies Reports Second Quarter Results
- Positive Sentiment: Teledyne also announced a five-year partnership with the RNLI to provide navigation and thermal imaging technology, a modestly positive commercial win for its marine segment. Teledyne Announces Strategic Five-Year Partnership with Royal National Lifeboat Institution, the UK’s Largest Lifeboat Service
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.
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