12 Best Scientific Instruments Stocks to Buy Right Now

7. Teledyne Technologies Incorporated (NYSE:TDY)

Number of Hedge Fund Holders: 45

Teledyne Technologies Incorporated (NYSE:TDY) is a leading provider of enabling technologies across several industrial growth markets, including environmental monitoring, electronics design, and factory automation. The company’s instrumentation segment focuses on providing monitoring and control solutions for marine, industrial, and environmental sectors.

In December 2024, Teledyne Technologies Incorporated (NYSE:TDY) completed the acquisition of Micropac Industries for $57.3 million, enhancing its microelectronic and optoelectronic product offerings for the military, aerospace, and medical sectors. In February 2025, the company also acquired key aerospace and defense electronics businesses from Excelitas Technologies for $710 million, adding advanced optics and custom energies to its portfolio. These moves reflect its ongoing commitment to expanding its technological and industrial footprint.

Teledyne Technologies Incorporated (NYSE:TDY) reported record fourth-quarter sales of $1.5 billion, a 5.4% increase from the previous year. However, the company faced a 38.6% decline in net income, which came in at $198.5 million, or $4.20 per share, primarily due to tax expenses and acquisition-related costs. Non-GAAP net income, excluding these items, rose slightly to $260.9 million, or $5.52 per share, compared to $260.5 million, or $5.44 per share, in Q4 2023. The company delivered a strong free cash flow of $328 million, reflecting its solid financial position.

James Ricchiuti from Needham reiterated his Strong Buy rating on Teledyne Technologies (NYSE:TDY), with a target price of $585, representing a potential upside of 16.77%.