Teledyne Technologies (TDY)

• Market cap: $22.2B
• 1 day: 0.25%
• 5 days: 3.83%
• 1 month: -0.59%
• 3 months: 9.17%
• 6 months: 23.92%
• Year to date: 8.65%
• 1 year: 8.85%
• 5 years: 37.46%
• 10 years: 355.17%
• Sector: Industrials
• Industry: Search, Detection, Navigation, Guidance, Aeronautical Systems

About: Teledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment contributes the largest proportion of revenue and includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.

Employees: 14,900

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

33% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]

22% more repeat investments, than reductions

Existing positions increased: 258 | Existing positions reduced: 211

9% more capital invested

Capital invested by funds: $16.7B [Q2] → $18.3B (+$1.53B) [Q3]

2% less funds holding

Funds holding: 657 [Q2] → 647 (-10) [Q3]

2.89% less ownership

Funds ownership: 91.12% [Q2] → 88.23% (-2.89%) [Q3]

13% less first-time investments, than exits

New positions opened: 65 | Existing positions closed: 75

40% less call options, than puts

Call options by funds: $5.86M | Put options by funds: $9.72M

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $500 5% upside
• Avg. target: $545 14% upside
• High target: $585 23% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

UBS Damian Karas 64% 1-year accuracy 9 / 14 met price target	23% upside $585	Buy Assumed	10 Dec 2024
Needham James Ricchiuti 50% 1-year accuracy 54 / 107 met price target	16% upside $550	Buy Maintained	11 Nov 2024
TD Cowen Joseph Giordano 50% 1-year accuracy 13 / 26 met price target	5% upside $500	Buy Maintained	24 Oct 2024