Zacks Research Issues Pessimistic Estimate for TDY Earnings

Teledyne Technologies Incorporated (NYSE:TDY) – Research analysts at Zacks Research cut their Q4 2024 EPS estimates for shares of Teledyne Technologies in a note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the scientific and technical instruments company will post earnings per share of $5.22 for the quarter, down from their prior forecast of $5.30. The consensus estimate for Teledyne Technologies’ current full-year earnings is $19.45 per share. Zacks Research also issued estimates for Teledyne Technologies’ Q2 2025 earnings at $5.27 EPS, Q4 2025 earnings at $5.68 EPS, FY2025 earnings at $21.51 EPS and Q1 2026 earnings at $5.88 EPS.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.05 earnings per share.

Other analysts have also recently issued reports about the company. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen raised their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, Vertical Research initiated coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $517.50.

Teledyne Technologies Stock Down 0.9 %

Shares of TDY opened at $465.89 on Monday. Teledyne Technologies has a 52 week low of $355.41 and a 52 week high of $492.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. The firm has a market capitalization of $21.71 billion, a P/E ratio of 23.72, a P/E/G ratio of 3.26 and a beta of 1.01. The company has a 50-day simple moving average of $450.27 and a 200-day simple moving average of $419.02.

Institutional Investors Weigh In On Teledyne Technologies

Several institutional investors have recently modified their holdings of TDY. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Teledyne Technologies by 17.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after acquiring an additional 186,849 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Teledyne Technologies by 235.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock valued at $48,593,000 after purchasing an additional 87,925 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Teledyne Technologies by 44,457.2% in the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock worth $32,372,000 after purchasing an additional 73,799 shares during the period. Maren Capital LLC boosted its holdings in Teledyne Technologies by 37.2% during the first quarter. Maren Capital LLC now owns 254,245 shares of the scientific and technical instruments company’s stock worth $109,152,000 after purchasing an additional 68,940 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Teledyne Technologies by 88.4% during the 2nd quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock worth $49,565,000 after purchasing an additional 59,942 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In other news, Chairman Robert Mehrabian sold 46,075 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the sale, the chairman now owns 171,802 shares in the company, valued at $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.14% of the company’s stock.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.