Teledyne Technologies Incorporated (TDY) Given Consensus Rating of “Hold” by Analysts

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been assigned an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a buy rating to the company.

Brokers have set a one year consensus target price of $226.50 for the company and are expecting that the company will post $2.19 EPS for the current quarter, according to Zacks. Zacks has also given Teledyne Technologies an industry rank of 61 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday.

TDY stock opened at $217.11 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.24 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $7.72 billion, a P/E ratio of 31.33, a PEG ratio of 3.17 and a beta of 1.10. Teledyne Technologies has a 12-month low of $172.80 and a 12-month high of $250.87.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, October 24th. The scientific and technical instruments company reported $2.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.17. The firm had revenue of $725.30 million for the quarter, compared to the consensus estimate of $710.70 million. Teledyne Technologies had a return on equity of 14.74% and a net margin of 10.86%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 EPS. On average, research analysts expect that Teledyne Technologies will post 8.75 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Teledyne Technologies by 0.5% during the 3rd quarter. BlackRock Inc. now owns 3,650,864 shares of the scientific and technical instruments company’s stock worth $900,595,000 after purchasing an additional 18,363 shares in the last quarter. Vanguard Group Inc grew its stake in 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 purchasing an additional 96,848 shares in the last quarter. William Blair Investment Management LLC grew its stake in Teledyne Technologies by 5.7% during the 3rd quarter. William Blair Investment Management LLC now owns 797,164 shares of the scientific and technical instruments company’s stock worth $196,644,000 after purchasing an additional 43,167 shares in the last quarter. Wells Fargo & Company MN grew its stake in Teledyne Technologies by 81.1% during the 3rd quarter. Wells Fargo & Company MN now owns 578,648 shares of the scientific and technical instruments company’s stock worth $142,740,000 after purchasing an additional 259,094 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Teledyne Technologies by 107.7% during the 3rd quarter. AQR Capital Management LLC now owns 550,136 shares of the scientific and technical instruments company’s stock worth $135,708,000 after purchasing an additional 285,208 shares in the last quarter. 84.73% of the stock is owned by hedge funds and other institutional investors.

About Teledyne Technologies

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, France, and internationally. 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.

Further Reading: Market Capitalization and Individual Investors

Get a free copy of the Zacks research report on Teledyne Technologies (TDY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply