News articles about Teledyne Technologies (NYSE:TDY) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teledyne Technologies earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news headlines about the scientific and technical instruments company an impact score of 45.9739845008937 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Teledyne Technologies (NYSE TDY) traded up $4.58 on Friday, reaching $193.28. The company’s stock had a trading volume of 131,411 shares, compared to its average volume of 153,122. Teledyne Technologies has a fifty-two week low of $119.67 and a fifty-two week high of $193.62. The company has a current ratio of 1.98, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The firm has a market cap of $6,849.07, a PE ratio of 29.24, a PEG ratio of 3.63 and a beta of 1.03.
Teledyne Technologies (NYSE:TDY) last issued its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.34. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The business had revenue of $662.20 million during the quarter, compared to analysts’ expectations of $656.20 million. During the same quarter in the prior year, the firm earned $1.46 EPS. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. equities analysts forecast that Teledyne Technologies will post 6.7 earnings per share for the current fiscal year.
Several analysts recently issued reports on TDY shares. Needham & Company LLC boosted their price target on Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine cut Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group boosted their price target on Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $175.33.
In other Teledyne Technologies news, Director Simon M. Lorne sold 4,958 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $181.64, for a total value of $900,571.12. Following the transaction, the director now owns 30,297 shares in the company, valued at $5,503,147.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sue Main sold 7,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $183.88, for a total value of $1,287,160.00. Following the completion of the transaction, the chief financial officer now owns 40,874 shares in the company, valued at approximately $7,515,911.12. The disclosure for this sale can be found here. Insiders sold a total of 25,364 shares of company stock worth $4,643,847 in the last quarter. 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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