Teledyne Technologies (NYSE:TDY) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Teledyne Technologies (NYSE:TDY) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on TDY. Stifel Nicolaus lifted their price target on Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Barclays increased their price objective on Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. Citigroup lifted their target price on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Morgan Stanley upped their price target on Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $721.67.

Teledyne Technologies Stock Performance

TDY opened at $633.88 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.39 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average price is $648.02 and its two-hundred day moving average price is $641.63. Teledyne Technologies has a 1-year low of $483.02 and a 1-year high of $697.67. The company has a market cap of $29.39 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.73 and a beta of 0.92.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.79 by $0.49. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $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. On average, analysts expect that Teledyne Technologies will post 24.69 EPS for the current fiscal year.

Insider Buying and Selling

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total value of $4,387,512.66. Following the transaction, the director owned 55,783 shares of the company’s stock, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Teledyne Technologies

A number of hedge funds have recently made changes to their positions in TDY. CX Institutional raised its stake in shares of Teledyne Technologies by 2.8% in the second quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company’s stock valued at $411,000 after acquiring an additional 17 shares during the period. CENTRAL TRUST Co boosted its stake in shares of Teledyne Technologies by 24.3% during the 1st quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 18 shares during the period. Assetmark Inc. boosted its holdings in Teledyne Technologies by 10.5% during the 1st quarter. Assetmark Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $115,000 after acquiring an additional 18 shares during the period. Cresset Asset Management LLC grew its position in Teledyne Technologies by 2.5% in 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 last quarter. Finally, Parvin Asset Management LLC grew its position in Teledyne Technologies by 12.5% in the 1st quarter. Parvin Asset Management LLC now owns 180 shares of the scientific and technical instruments company’s stock valued at $109,000 after acquiring an additional 20 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

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.