Teledyne Technologies (NYSE:TDY) Given New $677.00 Price Target at Citigroup

Teledyne Technologies (NYSE:TDY) had its target price raised by stock analysts at Citigroup from $649.00 to $677.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the scientific and technical instruments company’s stock. Citigroup’s price objective suggests a potential upside of 9.11% from the company’s current price.

Several other equities analysts have also commented on the company. Barclays increased their price objective on Teledyne Technologies from $599.00 to $600.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Morgan Stanley increased their price target on shares of Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $665.88.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded up $2.51 during mid-day trading on Thursday, reaching $620.48. 122,782 shares of the company were exchanged, compared to its average volume of 365,950. Teledyne Technologies has a 52 week low of $419.00 and a 52 week high of $693.38. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $28.73 billion, a PE ratio of 32.78, a PEG ratio of 2.99 and a beta of 1.01. The company’s 50 day moving average price is $642.83 and its 200 day moving average price is $573.22.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, January 21st. The scientific and technical instruments company reported $6.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.83 by $0.47. Teledyne Technologies had a net margin of 14.63% and a return on equity of 10.08%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the business earned $5.52 earnings per share. The firm’s quarterly 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. Sell-side analysts forecast that Teledyne Technologies will post 21.55 earnings per share for the current fiscal year.

Insider Activity at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 2,500 shares of Teledyne Technologies stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $630.46, for a total value of $1,576,150.00. Following the transaction, the insider directly owned 2,644 shares of the company’s stock, valued at $1,666,936.24. The trade was a 48.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Smith sold 2,469 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the sale, the director directly owned 47,328 shares of the company’s stock, valued at $29,390,688. The trade was a 4.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,500 shares of company stock valued at $7,214,750 in the last quarter. Corporate insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Teledyne Technologies

Several hedge funds and other institutional investors have recently modified their holdings of TDY. Abich Financial Wealth Management LLC purchased a new position in Teledyne Technologies during the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teledyne Technologies during the 4th quarter valued at approximately $28,000. Rexford Capital Inc. purchased a new stake in Teledyne Technologies in the 2nd quarter worth approximately $29,000. DV Equities LLC bought a new stake in shares of Teledyne Technologies in the 4th quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Teledyne Technologies in the 3rd quarter worth approximately $43,000. 91.58% of the stock is 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.