Teledyne Technologies Incorporated (TDY) – What Are Brokerages Thinking About This Stock?

Teledyne Technologies Incorporated (NYSE:TDY) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $731.83.

Several analysts recently weighed in on the company. Weiss Ratings upgraded Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 29th. Barclays lifted their target price on Teledyne Technologies from $640.00 to $646.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. Zacks Research cut shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Morgan Stanley increased their target price on shares of Teledyne Technologies from $715.00 to $725.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 3rd. Finally, Needham & Company LLC raised their price target on shares of Teledyne Technologies from $760.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, October 23rd.

Insider Transactions at Teledyne Technologies

In related news, VP Cynthia Belak sold 4,528 shares of the stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $657.45, for a total value of $2,976,933.60. Following the completion of the transaction, the vice president owned 4,642 shares of the company’s stock, valued at $3,051,882.90. This represents a 49.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Teledyne Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Core Capital Management & Research inc. acquired a new stake in Teledyne Technologies during the 2nd quarter worth about $3,035,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Teledyne Technologies in the 3rd quarter worth about $7,117,000. Maren Capital LLC lifted its stake in shares of Teledyne Technologies by 4.1% in the 2nd quarter. Maren Capital LLC now owns 376,928 shares of the scientific and technical instruments company’s stock valued at $251,373,000 after purchasing an additional 14,806 shares during the period. Royal Bank of Canada lifted its stake in shares of Teledyne Technologies by 1.9% in the 1st quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company’s stock valued at $129,908,000 after purchasing an additional 4,062 shares during the period. Finally, Nykredit A S acquired a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $12,911,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded down $4.03 during trading hours on Tuesday, hitting $643.54. 373,440 shares of the stock were exchanged, compared to its average volume of 424,711. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 2.31. The company has a market cap of $29.63 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.38 and a beta of 0.89. The company’s fifty day simple moving average is $622.02 and its two-hundred day simple moving average is $635.49. Teledyne Technologies has a 1-year low of $483.02 and a 1-year high of $697.67.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share for the quarter, beating analysts’ consensus estimates of $6.17 by $0.55. Teledyne Technologies had a return on equity of 10.89% and a net margin of 15.75%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the business posted $5.57 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts predict that Teledyne Technologies will post 25.58 EPS for the current year.

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.