Teledyne Technologies (NYSE:TDY) Reaches New 12-Month High Following Analyst Upgrade

Teledyne Technologies Incorporated (NYSE:TDY) shares hit a new 52-week high on Wednesday after Morgan Stanley raised their price target on the stock from $620.00 to $680.00. Morgan Stanley currently has an equal weight rating on the stock. Teledyne Technologies traded as high as $693.38 and last traded at $681.97, with a volume of 34932 shares. The stock had previously closed at $686.25.

Several other research firms also recently weighed in on TDY. Needham & Company LLC boosted their price target on shares of Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Barclays increased their target price on Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Citigroup lifted their price target on Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus increased their price objective on Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $650.33.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 2,469 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $621.00, for a total value of $1,533,249.00. Following the completion of the transaction, the director directly owned 47,328 shares in the company, valued at approximately $29,390,688. This represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jason Vanwees sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $630.92, for a total transaction of $3,154,600.00. Following the completion of the sale, the insider directly owned 51,025 shares of the company’s stock, valued at approximately $32,192,693. This represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 11,500 shares of company stock worth $7,214,750. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its position in shares of Teledyne Technologies by 75.9% during the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 22 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Teledyne Technologies during the third quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Teledyne Technologies during the 4th quarter valued at $28,000. Rexford Capital Inc. purchased a new stake in shares of Teledyne Technologies in the 2nd quarter worth about $29,000. Finally, DV Equities LLC bought a new position in shares of Teledyne Technologies in the 4th quarter worth about $33,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.64. The business’s 50-day moving average is $610.96 and its 200-day moving average is $561.81. The company has a market capitalization of $30.33 billion, a PE ratio of 34.63, a PEG ratio of 3.38 and a beta of 0.99.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share 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 business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company earned $5.52 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. 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, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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.