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

Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) has earned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $507.80.

Several research firms have weighed in on TDY. Needham & Company LLC dropped their target price on shares of Teledyne Technologies from $560.00 to $520.00 and set a “buy” rating on the stock in a research report on Friday, January 28th. StockNews.com assumed coverage on shares of Teledyne Technologies in a report on Thursday, March 31st. They set a “hold” rating on the stock.

In related news, Director Charles Crocker sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $428.00, for a total transaction of $1,712,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth C. Dahlberg sold 4,935 shares of the business’s stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $431.01, for a total value of $2,127,034.35. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDY. Whittier Trust Co. grew its position in shares of Teledyne Technologies by 4.9% during the 1st quarter. Whittier Trust Co. now owns 23,914 shares of the scientific and technical instruments company’s stock valued at $11,303,000 after acquiring an additional 1,125 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Teledyne Technologies by 18.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 10,009 shares of the scientific and technical instruments company’s stock worth $4,731,000 after purchasing an additional 1,572 shares in the last quarter. Yorktown Management & Research Co Inc grew its holdings in Teledyne Technologies by 63.0% in the first quarter. Yorktown Management & Research Co Inc now owns 1,467 shares of the scientific and technical instruments company’s stock valued at $693,000 after purchasing an additional 567 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Teledyne Technologies by 0.9% in the first quarter. Daiwa Securities Group Inc. now owns 5,205 shares of the scientific and technical instruments company’s stock valued at $2,460,000 after buying an additional 48 shares in the last quarter. Finally, Capital Asset Advisory Services LLC raised its stake in shares of Teledyne Technologies by 13.3% during the 1st quarter. Capital Asset Advisory Services LLC now owns 1,122 shares of the scientific and technical instruments company’s stock worth $530,000 after buying an additional 132 shares during the period. 88.39% of the stock is owned by institutional investors.

Shares of TDY opened at $431.55 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The firm has a market cap of $20.37 billion, a PE ratio of 35.55, a P/E/G ratio of 2.74 and a beta of 1.10. Teledyne Technologies has a 12 month low of $391.28 and a 12 month high of $493.97. The stock has a fifty day moving average price of $454.16 and a 200-day moving average price of $438.73.

Teledyne Technologies (NYSE:TDY – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The scientific and technical instruments company reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.09 by $0.18. Teledyne Technologies had a return on equity of 10.99% and a net margin of 11.17%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business posted $3.02 earnings per share. The firm’s revenue was up 64.0% compared to the same quarter last year. As a group, research analysts forecast that Teledyne Technologies will post 17.95 EPS for the current year.

About Teledyne Technologies (Get Rating)

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, 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.

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