Q4 EPS Forecast for Teledyne Technologies Reduced by Analyst

Teledyne Technologies Incorporated (NYSE:TDY) – Stock analysts at Zacks Research lowered their Q4 2024 EPS estimates for shares of Teledyne Technologies in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will earn $5.22 per share for the quarter, down from their previous estimate 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.

Several other brokerages have also commented on TDY. Vertical Research assumed 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. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $450.00 to $550.00 in a research report on Friday, November 8th. TD Cowen increased their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teledyne Technologies currently has a consensus rating of “Buy” and a consensus target price of $517.50.

Teledyne Technologies Trading Down 1.3 %

Shares of Teledyne Technologies stock opened at $470.15 on Monday. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $450.27 and its 200-day simple moving average is $418.77. Teledyne Technologies has a 1 year low of $355.41 and a 1 year high of $492.00. The company has a market cap of $21.91 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.26 and a beta of 1.01.

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

Institutional Investors Weigh In On Teledyne Technologies

A number of hedge funds have recently modified their holdings of TDY. Geode Capital Management LLC boosted its stake in Teledyne Technologies by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,192,019 shares of the scientific and technical instruments company’s stock worth $520,335,000 after purchasing an additional 28,224 shares during the period. Barclays PLC raised its position in shares of Teledyne Technologies by 4.9% during the 3rd quarter. Barclays PLC now owns 102,490 shares of the scientific and technical instruments company’s stock valued at $44,854,000 after buying an additional 4,765 shares in the last quarter. Groupama Asset Managment raised its position in Teledyne Technologies by 2.1% during the third quarter. Groupama Asset Managment now owns 4,664 shares of the scientific and technical instruments company’s stock valued at $2,041,000 after purchasing an additional 97 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Teledyne Technologies by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 14,313 shares of the scientific and technical instruments company’s stock valued at $6,264,000 after buying an additional 957 shares in the last quarter. Finally, Zacks Investment Management lifted its position in Teledyne Technologies by 111.3% in the 3rd quarter. Zacks Investment Management now owns 1,887 shares of the scientific and technical instruments company’s stock worth $826,000 after buying an additional 994 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $487.33, for a total value of $22,453,729.75. Following the transaction, the chairman now owns 171,802 shares in the company, valued at $83,724,268.66. This trade represents a 21.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.14% of the company’s stock.

About Teledyne Technologies

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.