Shares of Teledyne Technologies Incorporated (NYSE:TDY – Get Free Report) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $731.83.
TDY has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of Teledyne Technologies from $715.00 to $725.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 3rd. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $775.00 to $795.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Zacks Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $760.00 to $775.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Finally, Weiss Ratings raised shares of Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 29th.
Read Our Latest Stock Report on Teledyne Technologies
Teledyne Technologies Stock Down 0.6%
Shares of NYSE TDY opened at $647.44 on Tuesday. The company has a market capitalization of $29.81 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.40 and a beta of 0.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.31 and a quick ratio of 1.51. The company has a 50 day simple moving average of $621.28 and a 200-day simple moving average of $635.35. Teledyne Technologies has a 1 year low of $483.02 and a 1 year high of $697.67.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 EPS for the quarter, beating analysts’ consensus estimates of $6.17 by $0.55. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Teledyne Technologies had a return on equity of 10.89% and a net margin of 15.75%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.57 earnings per share. On average, equities research analysts predict that Teledyne Technologies will post 25.58 earnings per share for the current year.
Insider Transactions at Teledyne Technologies
In other Teledyne Technologies news, VP Cynthia Belak sold 4,528 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $657.45, for a total transaction of $2,976,933.60. Following the transaction, the vice president directly owned 4,642 shares in the company, valued at $3,051,882.90. This represents a 49.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.36% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Teledyne Technologies
A number of institutional investors have recently modified their holdings of the company. Trust Co. of Vermont acquired a new position in Teledyne Technologies during the 2nd quarter worth about $28,000. Allied Private Wealth LLC acquired a new position in Teledyne Technologies in the 2nd quarter valued at about $28,000. Meeder Asset Management Inc. acquired a new position in Teledyne Technologies in the 1st quarter valued at about $27,000. Elevation Wealth Partners LLC increased its stake in Teledyne Technologies by 1,025.0% during the third quarter. Elevation Wealth Partners LLC now owns 45 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 41 shares during the period. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in Teledyne Technologies during the third quarter worth about $28,000. 91.58% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Company Profile
Teledyne Technologies is an industrial technology company that develops and manufactures instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products and services support applications including environmental monitoring, marine research, scientific imaging, and industrial inspection. The company’s businesses include sensors and monitoring instruments, cameras and imaging systems, electronic components, and specialized engineering and manufacturing services.
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