Teledyne Technologies (NYSE:TDY) Announces Quarterly Earnings Results, Beats Expectations By $0.49 EPS

Teledyne Technologies (NYSE:TDY) posted its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $6.28 earnings per share for the quarter, topping the consensus estimate of $5.79 by $0.49, FiscalAI reports. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Teledyne Technologies had a net margin of 14.99% and a return on equity of 10.24%. Teledyne Technologies updated its FY 2026 guidance to 24.450-24.650 EPS and its Q3 2026 guidance to 6.050-6.150 EPS.

Teledyne Technologies Trading Up 2.9%

TDY opened at $644.77 on Wednesday. The company’s 50 day moving average is $626.56 and its 200-day moving average is $627.29. Teledyne Technologies has a 1-year low of $483.02 and a 1-year high of $693.38. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The company has a market cap of $29.87 billion, a P/E ratio of 32.61, a PEG ratio of 3.00 and a beta of 0.92.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Needham & Company LLC increased their price target on shares of Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus lifted their price objective on shares of Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Barclays boosted their price objective on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Finally, Citigroup upped their target price on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $694.14.

Hedge Funds Weigh In On Teledyne Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FIL Ltd grew its stake in shares of Teledyne Technologies by 25.2% during the fourth quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company’s stock worth $698,238,000 after buying an additional 274,976 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Teledyne Technologies by 25.7% in the 3rd quarter. Invesco Ltd. now owns 764,905 shares of the scientific and technical instruments company’s stock valued at $448,265,000 after acquiring an additional 156,559 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Teledyne Technologies by 14.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 583,380 shares of the scientific and technical instruments company’s stock valued at $297,950,000 after acquiring an additional 74,051 shares in the last quarter. Caisse de depot et placement du Quebec boosted its holdings in shares of Teledyne Technologies by 27.3% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 307,445 shares of the scientific and technical instruments company’s stock valued at $180,175,000 after acquiring an additional 65,943 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its position in Teledyne Technologies by 154.2% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 108,392 shares of the scientific and technical instruments company’s stock worth $55,359,000 after acquiring an additional 65,750 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Company Profile

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.