Needham & Company LLC Issues Positive Forecast for Teledyne Technologies (NYSE:TDY) Stock Price

Teledyne Technologies (NYSE:TDY) had its target price upped by equities research analysts at Needham & Company LLC from $750.00 to $760.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 27.42% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research note on Wednesday, August 19th. Zacks Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Barclays upped their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and an average price target of $723.33.

Teledyne Technologies Trading Down 1.2%

TDY opened at $596.45 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 stock has a market capitalization of $27.65 billion, a PE ratio of 28.80, a PEG ratio of 2.63 and a beta of 0.91. Teledyne Technologies has a 1-year low of $483.02 and a 1-year high of $697.67. The firm has a 50-day moving average price of $640.79 and a two-hundred day moving average price of $636.75.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, topping analysts’ consensus estimates of $5.79 by $0.49. Teledyne Technologies had a net margin of 15.29% and a return on equity of 10.56%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $5.20 earnings per share. The company’s 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. As a group, equities analysts anticipate that Teledyne Technologies will post 24.69 earnings per share for the current fiscal year.

Insider Transactions at Teledyne Technologies

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

Institutional Trading of Teledyne Technologies

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Teledyne Technologies by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company’s stock valued at $649,524,000 after acquiring an additional 13,647 shares during the period. Swedbank AB increased its holdings in shares of Teledyne Technologies by 26.6% in the fourth quarter. Swedbank AB now owns 22,155 shares of the scientific and technical instruments company’s stock worth $11,315,000 after acquiring an additional 4,659 shares in the last quarter. Royal Bank of Canada raised its position in shares of Teledyne Technologies by 1.9% during the first quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company’s stock worth $129,908,000 after purchasing an additional 4,062 shares during the period. BlackRock Inc. bought a new position in shares of Teledyne Technologies during the 2nd quarter valued at about $2,751,121,000. Finally, Bank of New York Mellon Corp grew its position in shares of Teledyne Technologies by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 243,324 shares of the scientific and technical instruments company’s stock valued at $147,213,000 after purchasing an additional 4,544 shares during the period. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated (NYSE: TDY) is an industrial technology company that develops and manufactures advanced instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products are used in scientific research, industrial automation, environmental monitoring, medical imaging, transportation, and government and defense applications.

The company’s offerings include sensors, cameras, machine-vision systems, data-acquisition equipment, marine and environmental instruments, space and airborne imaging systems, and electronic components for aerospace and defense platforms.