Teledyne Technologies (NYSE:TDY) Now Covered by Analysts at Stifel Nicolaus

Equities researchers at Stifel Nicolaus initiated coverage on shares of Teledyne Technologies (NYSE:TDY) in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $626.00 price target on the scientific and technical instruments company’s stock. Stifel Nicolaus’ price target points to a potential upside of 27.47% from the stock’s current price.

Several other equities research analysts have also issued reports on TDY. TD Securities reissued a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Bank of America upped their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Buy” and an average price target of $554.43.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $491.11 on Tuesday. The business has a fifty day moving average price of $483.77 and a 200-day moving average price of $484.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.19 and a quick ratio of 1.44. The company has a market capitalization of $23.01 billion, a PE ratio of 28.06, a PEG ratio of 2.30 and a beta of 1.04. Teledyne Technologies has a 1-year low of $380.63 and a 1-year high of $522.50.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.92 by $0.03. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.55 EPS. As a group, equities analysts expect that Teledyne Technologies will post 21.55 EPS for the current fiscal year.

Institutional Trading of Teledyne Technologies

A number of large investors have recently made changes to their positions in the business. Golden State Wealth Management LLC raised its position in Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 35 shares during the period. Quarry LP purchased a new position in Teledyne Technologies during the 4th quarter valued at $28,000. NBC Securities Inc. purchased a new position in Teledyne Technologies during the 1st quarter worth $28,000. Hurley Capital LLC bought a new stake in Teledyne Technologies during the 4th quarter valued at $33,000. Finally, Ancora Advisors LLC lifted its holdings in shares of Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 50 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.