Teledyne Technologies Incorporated (NYSE:TDY) Receives Consensus Rating of “Buy” from Analysts

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been given an average rating of “Buy” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $498.43.

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Needham & Company LLC lowered their price target on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday. Finally, TD Cowen cut their price objective on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday.

Insider Activity

In related news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares in the company, valued at approximately $28,711,789.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares in the company, valued at approximately $28,711,789.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the transaction, the director now owns 18,735 shares in the company, valued at $8,110,568.85. The disclosure for this sale can be found here. Insiders have sold a total of 6,711 shares of company stock worth $2,890,621 over the last 90 days. 2.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Teledyne Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC increased its stake in shares of Teledyne Technologies by 14.3% in the 3rd quarter. CWM LLC now owns 550 shares of the scientific and technical instruments company’s stock worth $225,000 after purchasing an additional 69 shares in the last quarter. HB Wealth Management LLC purchased a new stake in Teledyne Technologies in the third quarter worth about $200,000. Flagship Harbor Advisors LLC lifted its position in shares of Teledyne Technologies by 17.6% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 640 shares of the scientific and technical instruments company’s stock valued at $261,000 after buying an additional 96 shares in the last quarter. Park Place Capital Corp grew its stake in shares of Teledyne Technologies by 8.0% during the 3rd quarter. Park Place Capital Corp now owns 420 shares of the scientific and technical instruments company’s stock valued at $172,000 after acquiring an additional 31 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in Teledyne Technologies during the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 4.0 %

Shares of Teledyne Technologies stock traded up $14.48 during trading on Thursday, reaching $376.98. 684,291 shares of the stock were exchanged, compared to its average volume of 232,589. The stock’s fifty day moving average is $418.66 and its 200 day moving average is $414.90. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.62 and a beta of 1.02. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. Teledyne Technologies has a 1 year low of $355.41 and a 1 year high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.53 EPS. As a group, equities research analysts expect that Teledyne Technologies will post 20.56 earnings per share for the current fiscal year.

About Teledyne Technologies

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.