Teledyne Technologies (NYSE:TDY) Price Target Raised to $640.00 at Barclays

Teledyne Technologies (NYSE:TDY) had its price target boosted by equities research analysts at Barclays from $614.00 to $640.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the scientific and technical instruments company’s stock. Barclays‘s price objective would indicate a potential downside of 2.64% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Citigroup upped their price objective on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $735.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Stifel Nicolaus boosted their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a report on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $715.83.

Teledyne Technologies Trading Up 0.9%

Teledyne Technologies stock traded up $6.11 during trading on Friday, reaching $657.33. 61,083 shares of the company were exchanged, compared to its average volume of 360,393. The stock’s 50 day simple moving average is $627.09 and its two-hundred day simple moving average is $629.20. The company has a market capitalization of $30.45 billion, a P/E ratio of 31.77, a PEG ratio of 3.05 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.16. Teledyne Technologies has a 52-week low of $483.02 and a 52-week high of $693.38.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the business earned $5.20 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. 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, equities research analysts expect that Teledyne Technologies will post 24.55 earnings per share for the current fiscal year.

Institutional Trading of Teledyne Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TDY. Allied Private Wealth LLC acquired a new position in Teledyne Technologies in the second quarter valued at about $28,000. Meeder Asset Management Inc. acquired a new stake in shares of Teledyne Technologies during the first quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Teledyne Technologies in the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new stake in shares of Teledyne Technologies in the 4th quarter valued at approximately $33,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Teledyne Technologies by 94.6% in the 2nd quarter. CoreCap Advisors LLC now owns 72 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 35 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

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.