Teledyne Technologies Incorporated (NYSE:TDY) has earned an average broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company.
Analysts have set a 12 month consensus price objective of $190.50 for the company and are anticipating that the company will post $1.55 EPS for the current quarter, according to Zacks. Zacks has also assigned Teledyne Technologies an industry rank of 110 out of 265 based on the ratings given to related companies.
A number of research analysts have recently commented on TDY shares. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies to $205.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Jefferies Group lifted their price objective on shares of Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, ValuEngine downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Shares of Teledyne Technologies (NYSE:TDY) traded up $1.59 on Monday, hitting $193.50. 161,200 shares of the stock were exchanged, compared to its average volume of 177,485. Teledyne Technologies has a 52 week low of $121.58 and a 52 week high of $201.40. The company has a market cap of $6,860.00, a P/E ratio of 31.01, a PEG ratio of 3.42 and a beta of 1.03. The company has a current ratio of 1.90, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.21. Teledyne Technologies had a net margin of 8.73% and a return on equity of 14.06%. The company had revenue of $704.40 million during the quarter, compared to the consensus estimate of $669.25 million. During the same quarter last year, the firm posted $1.64 EPS. The company’s quarterly revenue was up 27.4% on a year-over-year basis. analysts expect that Teledyne Technologies will post 7.55 earnings per share for the current year.
In related news, VP Cynthia Y. Belak sold 1,700 shares of Teledyne Technologies stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $185.44, for a total transaction of $315,248.00. Following the completion of the sale, the vice president now owns 6,903 shares of the company’s stock, valued at approximately $1,280,092.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Cynthia Y. Belak sold 4,000 shares of Teledyne Technologies stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $185.19, for a total transaction of $740,760.00. Following the sale, the vice president now directly owns 6,903 shares of the company’s stock, valued at approximately $1,278,366.57. The disclosure for this sale can be found here. Insiders have sold a total of 16,652 shares of company stock valued at $3,050,124 in the last ninety days. 3.30% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Teledyne Technologies during the 4th quarter worth about $101,000. Advisor Group Inc. boosted its holdings in Teledyne Technologies by 41.6% in the 4th quarter. Advisor Group Inc. now owns 1,075 shares of the scientific and technical instruments company’s stock valued at $195,000 after purchasing an additional 316 shares during the period. BB&T Securities LLC bought a new stake in Teledyne Technologies in the 4th quarter valued at about $206,000. Kovack Advisors Inc. bought a new stake in Teledyne Technologies in the 4th quarter valued at about $213,000. Finally, CIBC Asset Management Inc bought a new stake in Teledyne Technologies in the 4th quarter valued at about $220,000. 83.34% of the stock is owned by institutional investors and hedge funds.
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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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