Teledyne Technologies (NYSE:TDY) Price Target Increased to $565.00 by Analysts at Bank of America

Teledyne Technologies (NYSE:TDY – Get Rating) had its target price upped by Bank of America from $533.00 to $565.00 in a report released on Thursday morning, The Fly reports.

TDY has been the subject of a number of other research reports. Needham & Company LLC dropped their price target on Teledyne Technologies from $498.00 to $470.00 in a research note on Thursday, April 27th. StockNews.com cut shares of Teledyne Technologies from a buy rating to a hold rating in a research report on Friday, May 12th. Finally, Credit Suisse Group lowered their price objective on shares of Teledyne Technologies from $503.00 to $499.00 in a report on Friday, April 28th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $505.50.

Teledyne Technologies Trading Up 0.2 %

NYSE:TDY opened at $395.13 on Thursday. The firm has a market capitalization of $18.59 billion, a P/E ratio of 25.01, a P/E/G ratio of 3.04 and a beta of 1.08. The company has a quick ratio of 1.30, a current ratio of 1.94 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $422.60 and a 200 day moving average of $418.90. Teledyne Technologies has a 52 week low of $325.00 and a 52 week high of $448.71.

Teledyne Technologies (NYSE:TDY – Get Rating) last posted its earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.10. Teledyne Technologies had a net margin of 13.67% and a return on equity of 10.98%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business posted $4.27 earnings per share. Teledyne Technologies’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts predict that Teledyne Technologies will post 19.13 earnings per share for the current year.

Insider Activity at Teledyne Technologies

In other news, VP Melanie Susan Cibik sold 2,000 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $413.00, for a total value of $826,000.00. Following the sale, the vice president now directly owns 27,305 shares of the company’s stock, valued at $11,276,965. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Melanie Susan Cibik sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $413.00, for a total value of $826,000.00. Following the completion of the transaction, the vice president now directly owns 27,305 shares in the company, valued at approximately $11,276,965. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert Mehrabian sold 3,400 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $440.17, for a total value of $1,496,578.00. Following the sale, the chief executive officer now owns 196,052 shares in the company, valued at $86,296,208.84. The disclosure for this sale can be found here. 2.14% of the stock is owned by corporate insiders.

Institutional Trading of Teledyne Technologies

Institutional investors have recently made changes to their positions in the stock. Accurate Wealth Management LLC bought a new position in Teledyne Technologies during the fourth quarter valued at approximately $28,000. CVA Family Office LLC purchased a new position in shares of Teledyne Technologies in the 4th quarter worth $30,000. TCI Wealth Advisors Inc. grew its holdings in shares of Teledyne Technologies by 236.4% in the first quarter. TCI Wealth Advisors Inc. now owns 74 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 52 shares during the period. Belpointe Asset Management LLC purchased a new stake in Teledyne Technologies during the fourth quarter valued at $36,000. Finally, Beacon Capital Management LLC bought a new position in Teledyne Technologies in the first quarter valued at about $41,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.

About Teledyne Technologies

(Get Rating)

Teledyne Technologies, Inc engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial, and other applications, and electronic test and measurement equipment.