Teledyne Technologies Incorporated (NYSE:TDY) Given Consensus Rating of “Buy” by Analysts

Teledyne Technologies Incorporated (NYSE:TDY) has earned an average rating of “Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is $498.43.

Several research firms recently issued reports on TDY. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. TD Cowen dropped their price objective on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Needham & Company LLC decreased their target price on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday.

Insider Buying and Selling at Teledyne Technologies

In related news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the sale, the director now owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael T. Smith sold 511 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total value of $220,241.00. Following the completion of the sale, the director now directly owns 56,492 shares in the company, valued at $24,348,052. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the 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 sale, the director now directly owns 18,735 shares in the company, valued at $8,110,568.85. The disclosure for this sale can be found here. Insiders sold 6,711 shares of company stock valued at $2,890,621 in the last quarter. 2.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Teledyne Technologies

Hedge funds have recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $28,000. Kapitalo Investimentos Ltda bought a new stake in Teledyne Technologies during the fourth quarter worth $29,000. CVA Family Office LLC acquired a new stake in shares of Teledyne Technologies in the 4th quarter valued at $31,000. NBC Securities Inc. boosted its holdings in shares of Teledyne Technologies by 89.4% in the 1st quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock valued at $38,000 after purchasing an additional 42 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of Teledyne Technologies during the 3rd quarter worth $44,000. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Up 4.0 %

TDY stock traded up $14.48 during trading hours on Thursday, reaching $376.98. 684,291 shares of the stock were exchanged, compared to its average volume of 232,589. The company has a market cap of $17.86 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.62 and a beta of 1.02. The firm’s 50-day moving average is $418.66 and its 200-day moving average is $414.90. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $448.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.53 EPS. On average, equities research analysts expect that Teledyne Technologies will post 20.56 earnings per share for the current 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.