Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been given an average broker rating score of 1.75 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Teledyne Technologies’ rating score has improved by 30% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a one year consensus price target of $259.00 for the company and are anticipating that the company will post $2.21 EPS for the current quarter, according to Zacks. Zacks has also given Teledyne Technologies an industry rank of 41 out of 256 based on the ratings given to related companies.
A number of equities analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, June 11th. They issued a “buy” rating and a $290.00 price objective on the stock. Cowen assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, April 2nd. They issued an “outperform” rating and a $265.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $248.00 price objective (up from $240.00) on shares of Teledyne Technologies in a research report on Friday, March 15th. Finally, Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $257.00 price objective on the stock in a research report on Tuesday, March 26th.
NYSE:TDY opened at $254.72 on Friday. Teledyne Technologies has a 1-year low of $189.35 and a 1-year high of $260.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.00 and a current ratio of 1.54. The firm has a market capitalization of $9.23 billion, a P/E ratio of 28.68, a PEG ratio of 3.55 and a beta of 1.09.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.10. Teledyne Technologies had a net margin of 11.61% and a return on equity of 14.87%. The firm had revenue of $745.20 million for the quarter, compared to analyst estimates of $728.30 million. During the same period last year, the firm posted $1.81 EPS. Teledyne Technologies’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts forecast that Teledyne Technologies will post 9.58 earnings per share for the current fiscal year.
In other Teledyne Technologies news, EVP Jason Vanwees sold 9,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $254.64, for a total value of $2,291,760.00. Following the completion of the sale, the executive vice president now owns 41,349 shares of the company’s stock, valued at $10,529,109.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Melanie Susan Cibik sold 6,783 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $252.00, for a total value of $1,709,316.00. Following the completion of the sale, the vice president now directly owns 26,364 shares of the company’s stock, valued at approximately $6,643,728. The disclosure for this sale can be found here. In the last three months, insiders sold 43,919 shares of company stock valued at $11,045,222. 3.19% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in TDY. Norges Bank acquired a new stake in Teledyne Technologies in the fourth quarter valued at $56,856,000. BlackRock Inc. raised its stake in shares of Teledyne Technologies by 5.8% during the 4th quarter. BlackRock Inc. now owns 3,860,980 shares of the scientific and technical instruments company’s stock worth $799,492,000 after buying an additional 210,116 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Teledyne Technologies by 3.3% during the 3rd quarter. Vanguard Group Inc now owns 3,054,919 shares of the scientific and technical instruments company’s stock worth $753,588,000 after buying an additional 96,848 shares during the last quarter. SG Capital Management LLC acquired a new position in shares of Teledyne Technologies during the 1st quarter worth $19,355,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Teledyne Technologies by 29.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 276,463 shares of the scientific and technical instruments company’s stock worth $65,524,000 after buying an additional 63,703 shares during the last quarter. 83.51% of the stock is owned by institutional investors.
Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.
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