Teledyne Technologies (NYSE:TDY) Price Target Raised to $604.00

Teledyne Technologies (NYSE:TDYFree Report) had its price target upped by Citigroup from $567.00 to $604.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the scientific and technical instruments company’s stock.

TDY has been the topic of several other research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Stifel Nicolaus increased their price target on Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $580.00 to $620.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Barclays decreased their price objective on shares of Teledyne Technologies from $584.00 to $579.00 and set an “equal weight” rating on the stock in a report on Monday. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average price target of $605.38.

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Teledyne Technologies Stock Up 1.2%

Shares of TDY opened at $569.04 on Tuesday. Teledyne Technologies has a 52-week low of $419.00 and a 52-week high of $595.99. The company has a quick ratio of 1.20, a current ratio of 1.79 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $515.37 and a two-hundred day simple moving average of $536.68. The company has a market capitalization of $26.72 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.39 and a beta of 1.03.

Teledyne Technologies (NYSE:TDYGet Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share for the quarter, beating the consensus estimate of $5.47 by $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Teledyne Technologies had a net margin of 13.62% and a return on equity of 9.95%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.10 EPS. Teledyne Technologies has set its FY 2025 guidance at 21.450-21.600 EPS and its Q4 2025 guidance at 5.730-5.880 EPS. As a group, equities analysts forecast that Teledyne Technologies will post 21.55 EPS for the current year.

Hedge Funds Weigh In On Teledyne Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Teledyne Technologies by 1.2% during the third quarter. Vanguard Group Inc. now owns 5,910,808 shares of the scientific and technical instruments company’s stock worth $3,463,970,000 after acquiring an additional 69,284 shares during the period. State Street Corp grew its stake in Teledyne Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company’s stock worth $1,291,957,000 after purchasing an additional 61,135 shares in the last quarter. Dodge & Cox increased its holdings in Teledyne Technologies by 12.2% during the 3rd quarter. Dodge & Cox now owns 1,680,962 shares of the scientific and technical instruments company’s stock worth $985,111,000 after purchasing an additional 183,222 shares during the period. Geode Capital Management LLC raised its position in Teledyne Technologies by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,242,610 shares of the scientific and technical instruments company’s stock valued at $635,107,000 after purchasing an additional 28,461 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Teledyne Technologies by 2.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 942,825 shares of the scientific and technical instruments company’s stock valued at $552,536,000 after buying an additional 24,222 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Key Stories Impacting Teledyne Technologies

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Teledyne Technologies Company Profile

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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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Analyst Recommendations for Teledyne Technologies (NYSE:TDY)

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