Teledyne Technologies Incorporated (TDY) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Teledyne Technologies Incorporated (NYSE:TDY) from a sell rating to a hold rating in a report published on Tuesday.

Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC reiterated a hold rating and set a $140.00 price objective on shares of Teledyne Technologies in a research report on Friday, May 5th. Zacks Investment Research cut shares of Teledyne Technologies from a buy rating to a hold rating in a research report on Friday, May 19th.

Shares of Teledyne Technologies (NYSE:TDY) opened at 126.95 on Tuesday. The company has a 50 day moving average of $131.34 and a 200-day moving average of $128.23. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 24.94 and a beta of 0.96. Teledyne Technologies has a one year low of $92.52 and a one year high of $137.00.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Thursday, May 4th. The scientific and technical instruments company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.51. The business had revenue of $566.10 million during the quarter, compared to analysts’ expectations of $539.40 million. Teledyne Technologies had a net margin of 8.31% and a return on equity of 13.28%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. On average, analysts expect that Teledyne Technologies will post $5.27 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Teledyne Technologies Incorporated (TDY) Raised to “Hold” at BidaskClub” was reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://transcriptdaily.com/2017/06/23/teledyne-technologies-incorporated-tdy-raised-to-hold-at-bidaskclub-2.html.

In other Teledyne Technologies news, Director Paul David Miller sold 4,590 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $130.00, for a total value of $596,700.00. Following the completion of the transaction, the director now directly owns 21,992 shares in the company, valued at approximately $2,858,960. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Simon M. Lorne sold 3,617 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $129.29, for a total transaction of $467,641.93. Following the completion of the transaction, the director now owns 30,190 shares of the company’s stock, valued at $3,903,265.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,207 shares of company stock valued at $1,992,502. Corporate insiders own 3.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TDY. Envestnet Asset Management Inc. boosted its position 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. Ironwood Investment Management LLC boosted its position in shares of Teledyne Technologies by 1.2% in the first quarter. Ironwood Investment Management LLC now owns 2,693 shares of the scientific and technical instruments company’s stock valued at $341,000 after buying an additional 32 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Teledyne Technologies by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,173 shares of the scientific and technical instruments company’s stock valued at $636,000 after buying an additional 47 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position 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, Cardinal Capital Management boosted its position in shares of Teledyne Technologies by 1.3% in the first quarter. Cardinal Capital Management now owns 4,685 shares of the scientific and technical instruments company’s stock valued at $592,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 83.94% of the company’s stock.

Teledyne Technologies Company Profile

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.

Receive News & Ratings for Teledyne Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply