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NYSE:TDY

Teledyne Technologies (TDY) Stock Price, News & Analysis

$426.64
-2.25 (-0.52%)
(As of 09/18/2024 ET)

About Teledyne Technologies Stock (NYSE:TDY)

Key Stats

Today's Range
$425.98
$432.78
50-Day Range
$392.98
$432.80
52-Week Range
$355.41
$448.19
Volume
161,260 shs
Average Volume
241,002 shs
Market Capitalization
$20.21 billion
P/E Ratio
23.07
Dividend Yield
N/A
Price Target
$471.17
Consensus Rating
Moderate Buy

Company Overview

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. This segment also offers cooled and uncooled infrared or thermal products, including sensors, camera cores, and camera systems; high-resolution, low-dose X-ray sensors, high-power microwave, and high-energy X-ray subsystems; and instruments for the measurement of physical properties and maritime products; as well as develops and manufactures multi-spectrum electro-optic/infrared imaging systems and associated products, such as lasers, optics, and radars, CBRNE (Chemical, Biological, Radiological, Nuclear and Explosive detectors), and unmanned air and ground systems. The company's Instrumentation segment offers monitoring, control, and electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks. The company's Aerospace and Defense Electronics segment provides electronic components and subsystems, data acquisition and communications components and equipment, harsh environment interconnects, general aviation batteries, and other components; and onboard avionics systems and ground-based applications, aircraft data and connectivity solutions, hardware systems, and software applications. Its Engineered Systems segment offers systems engineering and integration, technology development, and manufacturing solutions for defense, space, environmental, and energy applications; and designs and manufactures electrochemical energy systems and electronics for military applications. The company was founded in 1960 and is headquartered in Thousand Oaks, California.

Teledyne Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 79th Percentile

Teledyne Technologies scored higher than 79% of companies evaluated by MarketBeat, and ranked 21st out of 44 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Teledyne Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Teledyne Technologies has only been the subject of 2 research reports in the past 90 days.

  • Read more about Teledyne Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Teledyne Technologies are expected to grow by 11.53% in the coming year, from $19.43 to $21.67 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Teledyne Technologies is 23.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.17.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Teledyne Technologies is 23.07, which means that it is trading at a less expensive P/E ratio than the Aerospace sector average P/E ratio of about 23.33.

  • Price to Earnings Growth Ratio

    Teledyne Technologies has a PEG Ratio of 3.00. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Teledyne Technologies has a P/B Ratio of 2.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Teledyne Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    1.18% of the float of Teledyne Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Teledyne Technologies has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Teledyne Technologies has recently increased by 8.05%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Teledyne Technologies does not currently pay a dividend.

  • Dividend Growth

    Teledyne Technologies does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.18% of the float of Teledyne Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Teledyne Technologies has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Teledyne Technologies has recently increased by 8.05%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Teledyne Technologies has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Teledyne Technologies this week, compared to 6 articles on an average week.
  • Search Interest

    Only 3 people have searched for TDY on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • MarketBeat Follows

    Only 5 people have added Teledyne Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Teledyne Technologies insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.14% of the stock of Teledyne Technologies is held by insiders.

  • Percentage Held by Institutions

    91.58% of the stock of Teledyne Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Teledyne Technologies' insider trading history.

TDY Stock News Headlines

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TDY Stock Analysis - Frequently Asked Questions

Teledyne Technologies' stock was trading at $446.29 at the start of the year. Since then, TDY stock has decreased by 4.4% and is now trading at $426.64.
View the best growth stocks for 2024 here
.

Teledyne Technologies Incorporated (NYSE:TDY) posted its quarterly earnings data on Wednesday, July, 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.09. Teledyne Technologies's revenue was down 3.8% on a year-over-year basis.
Read the conference call transcript
.

Teledyne Technologies subsidiaries include these companies: Micralyne Inc, Falcon Analytical, Teledyne e2v, Hanson Research Corp, CARIS, Frontline Test Equipment, Industrial Control Machines, and more.

Top institutional shareholders of Teledyne Technologies include Kayne Anderson Rudnick Investment Management LLC (2.65%), Select Equity Group L.P. (2.07%), King Luther Capital Management Corp (1.24%) and Earnest Partners LLC (0.84%). Insiders that own company stock include Robert Mehrabian, Simon M Lorne, Michael T Smith, Jason Vanwees, Charles Crocker, Sue Main, Melanie Susan Cibik, Kenneth C Dahlberg, Stephen Finis Blackwood, Schack Wesley W Von, George C Bobb III, Jane Cecile Sherburne, Cynthia Y Belak and Aldo Pichelli.
View institutional ownership trends
.

Shares of TDY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Teledyne Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), Advanced Micro Devices (AMD), Lululemon Athletica (LULU), Walt Disney (DIS) and DexCom (DXCM).

Company Calendar

Last Earnings
7/24/2024
Today
9/18/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Search & navigation equipment
Sub-Industry
Aerospace & Defense
CUSIP
87936010
Employees
14,900
Year Founded
1960

Price Target and Rating

Average Stock Price Target
$471.17
High Stock Price Target
$530.00
Low Stock Price Target
$400.00
Potential Upside/Downside
+10.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$885.70 million
Pretax Margin
17.25%

Debt

Sales & Book Value

Annual Sales
$5.55 billion
Cash Flow
$26.63 per share
Book Value
$195.43 per share

Miscellaneous

Free Float
46,367,000
Market Cap
$20.21 billion
Optionable
Optionable
Beta
1.02

Social Links

Should I Buy Teledyne Technologies Stock? TDY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Teledyne Technologies pros and cons to contact@marketbeat.com.

Teledyne Technologies
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Teledyne Technologies Incorporated:

  • Teledyne Technologies has a market cap of $19.87 billion, indicating a strong presence and stability in the market.
  • The company's price-to-earnings ratio of 22.68 suggests that the stock may be undervalued compared to its peers, potentially offering a good entry point for investors.
  • Teledyne Technologies reported a return on equity of 10.27%, indicating efficient use of shareholder funds to generate profits.
  • Analysts predict that Teledyne Technologies will post an EPS of $19.36 for the current year, showing strong growth potential.
  • Teledyne Technologies stock is currently trading at $419.42, showing a positive trend with a 52-week high of $448.19, indicating potential for further price appreciation.

Teledyne Technologies
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Teledyne Technologies Incorporated for these reasons:

  • The company's 50-day moving average price of $398.51 is below the 200-day moving average price of $406.72, indicating a potential short-term bearish trend.
  • Teledyne Technologies' P/E/G ratio of 2.87 suggests that the stock may be overvalued relative to its earnings growth potential.
  • Recent decrease in quarterly revenue by 3.8% on a year-over-year basis may raise concerns about the company's growth trajectory.
  • Bank of America downgraded Teledyne Technologies from a "buy" rating to a "neutral" rating, signaling a cautious outlook from some analysts.
  • StockNews.com downgraded Teledyne Technologies from a "buy" rating to a "hold" rating, indicating mixed opinions among analysts about the stock's future performance.

This page (NYSE:TDY) was last updated on 9/18/2024 by MarketBeat.com Staff
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