Teledyne Technologies Incorporated (NYSE:TDY) Given $150.00 Average Target Price by Analysts

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been given a consensus broker rating score of 2.50 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. Teledyne Technologies’ rating score has improved by 16.7% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokerages have set a twelve-month consensus price objective of $150.00 for the company and are expecting that the company will post $1.62 EPS for the current quarter, according to Zacks. Zacks has also given Teledyne Technologies an industry rank of 104 out of 265 based on the ratings given to its competitors.

Several brokerages recently commented on TDY. BidaskClub upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a report on Tuesday. Jefferies Group LLC reiterated a “hold” rating and issued a $145.00 target price (up previously from $140.00) on shares of Teledyne Technologies in a report on Friday, July 14th. Finally, Needham & Company LLC upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research report on Wednesday, July 5th.

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Teledyne Technologies (TDY) traded down 0.22% during mid-day trading on Thursday, hitting $146.80. The stock had a trading volume of 153,040 shares. Teledyne Technologies has a one year low of $101.90 and a one year high of $147.62. The stock has a market cap of $5.18 billion, a PE ratio of 28.84 and a beta of 0.98. The firm’s 50-day moving average is $131.96 and its 200 day moving average is $129.86.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.25 by $0.49. The firm had revenue of $671.10 million for the quarter, compared to the consensus estimate of $636.18 million. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 EPS. Equities research analysts expect that Teledyne Technologies will post $5.56 EPS for the current year.

In other news, Director Michael T. Smith sold 3,000 shares of Teledyne Technologies stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $134.72, for a total transaction of $404,160.00. Following the sale, the director now directly owns 33,806 shares in the company, valued at approximately $4,554,344.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Simon M. Lorne sold 3,617 shares of Teledyne Technologies stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $129.29, for a total transaction of $467,641.93. Following the sale, the director now owns 30,190 shares in the company, valued at $3,903,265.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,207 shares of company stock worth $2,874,922. 3.30% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Ironwood Investment Management LLC raised its stake in shares of Teledyne Technologies by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,711 shares of the scientific and technical instruments company’s stock valued at $346,000 after buying an additional 18 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Teledyne Technologies by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,188 shares of the scientific and technical instruments company’s stock valued at $149,000 after buying an additional 29 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Teledyne Technologies by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 2,651 shares of the scientific and technical instruments company’s stock valued at $338,000 after buying an additional 35 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Teledyne Technologies by 0.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,069 shares of the scientific and technical instruments company’s stock valued at $767,000 after buying an additional 47 shares during the period. Finally, World Asset Management Inc raised its stake in shares of Teledyne Technologies by 2.8% in the second quarter. World Asset Management Inc now owns 2,199 shares of the scientific and technical instruments company’s stock valued at $281,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

About Teledyne Technologies

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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