News stories about Teledyne Technologies (NYSE:TDY) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teledyne Technologies earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the scientific and technical instruments company an impact score of 45.4792602381209 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Teledyne Technologies (TDY) opened at $193.28 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. Teledyne Technologies has a twelve month low of $119.67 and a twelve month high of $193.62. The stock has a market capitalization of $6,849.07, a PE ratio of 29.24, a P/E/G ratio of 3.63 and a beta of 1.03.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.34. The firm had revenue of $662.20 million during the quarter, compared to analysts’ expectations of $656.20 million. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. research analysts predict that Teledyne Technologies will post 6.7 EPS for the current fiscal year.
Several brokerages have recently issued reports on TDY. ValuEngine downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. Jefferies Group lifted their price objective on Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, Needham & Company LLC lifted their price objective on Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Teledyne Technologies presently has a consensus rating of “Hold” and a consensus price target of $175.33.
In related news, VP Cynthia Y. Belak sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $185.19, for a total value of $740,760.00. Following the completion of the transaction, the vice president now directly owns 6,903 shares in the company, valued at approximately $1,278,366.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Cynthia Y. Belak sold 1,700 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $185.44, for a total value of $315,248.00. Following the completion of the transaction, the vice president now owns 6,903 shares of the company’s stock, valued at $1,280,092.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,364 shares of company stock valued at $4,643,847 over the last 90 days. Corporate insiders own 3.30% of the company’s stock.
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About Teledyne Technologies
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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