Teledyne Technologies Incorporated (TDY) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Teledyne Technologies Incorporated (TDY), based in Thousand Oaks, California, is a prominent entity in the Scientific & Technical Instruments industry. Founded in 1960, the company plays a vital role in driving industrial growth markets both domestically and internationally. Teledyne operates across various segments, including Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems. The company offers a diverse range of products, from visible spectrum sensors to electronic test and measurement equipment and aerospace electronics. Continuous innovation is key to Teledyne’s success, as it responds to the evolving demands of sectors such as defense, space, and environmental applications.
Financial Performance and Analyst Insights
Teledyne’s total revenue stands at an impressive $5.55 billion, showcasing strong market performance amid a promising outlook for the Scientific and Technical Instruments industry. Analysts are optimistic about Teledyne’s future growth, with a target high price set at $520.00, indicating confidence in the company’s upward trajectory. The current stock price of $432.13 positions it attractively between its 52-week high of $448.19 and low of $355.41. The average recommendation score is 2.2, categorized as a “buy,” reinforcing a strong potential for growth within the established price range.
Market Sentiment and Valuation Metrics
Teledyne Technologies has 46,784,200 shares outstanding, with modest short interest amounting to 545,189 shares (approximately 0.0152% of the float), suggesting positive investor sentiment. The mean target price from analysts stands at $474.89, with a median target price slightly higher at $478.50. With a strong average recommendation based on insights from 10 analysts, Teledyne is viewed as a compelling investment opportunity. However, the absence of EBITDA data may raise concerns regarding its operational efficiency, necessitating careful consideration by potential investors. Overall, the outlook remains promising, supported by favorable market positioning and solid financial health.
| Metric | Value |
|---|---|
| Market Cap | $20.2b |
| Total Debt | $2.8b |
| Total Cash | $443.3m |
| Shares Outstanding | 46.8m |
| Float Shares | 46.2m |
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