How Is Teledyne Technologies' Stock Performance Compared to Other Technology Stocks?

Core Insights - Teledyne Technologies Incorporated (TDY) is a leading provider in sophisticated instrumentation with a market cap of $24.1 billion, focusing on aerospace and defense electronics, digital imaging products, and monitoring instrumentation [1][2] Company Overview - TDY is categorized as a large-cap stock due to its market cap exceeding $10 billion, indicating its substantial size and influence in the scientific & technical instruments industry [2] - The company has a diversified product portfolio enhanced through strategic acquisitions, which improves its technological capabilities and market reach [2] - TDY's innovation, investment in R&D, global presence, and long-term contracts contribute to its competitive edge over peers [2] Stock Performance - TDY's stock has declined 13.4% from its 52-week high of $595.99, reached on October 7, and has underperformed the Technology Select Sector SPDR Fund (XLK) by declining 5.3% over the past three months compared to XLK's 10.1% gains [3] - Over a six-month period, TDY shares rose 3.1% and increased 9.6% over the past 52 weeks, but still underperformed compared to XLK's 23.5% and 26.1% gains respectively [4] - The stock has been trading below its 200-day moving average since mid-November and below its 50-day moving average since late October, indicating a bearish trend [4] Recent Financial Results - In Q3, TDY reported an adjusted EPS of $5.57, exceeding Wall Street expectations of $5.50, and revenue of $1.54 billion, surpassing forecasts of $1.52 billion [5] - The company anticipates a full-year adjusted EPS in the range of $21.45 to $21.60 [5] Competitive Landscape - Keysight Technologies, Inc. (KEYS) has outperformed TDY, showing a 30.1% increase over six months and 26% gains over the past 52 weeks [6]