News coverage about Teledyne Technologies (NYSE:TDY) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Teledyne Technologies earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.3223494190185 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Teledyne Technologies (NYSE TDY) traded up $4.58 during trading hours on Monday, reaching $193.28. 131,400 shares of the company’s stock traded hands, compared to its average volume of 128,056. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. Teledyne Technologies has a 52-week low of $119.67 and a 52-week high of $193.62. The company has a market cap of $6,849.17, a PE ratio of 32.87, a PEG ratio of 3.63 and a beta of 1.03.
Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.34. The company had revenue of $662.20 million for the quarter, compared to analyst estimates of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. Teledyne Technologies’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 EPS. research analysts expect that Teledyne Technologies will post 6.7 EPS for the current year.
Several brokerages have commented on TDY. ValuEngine cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 5th. Jefferies Group boosted their price target on shares of Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Needham & Company LLC boosted their price target on shares of Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $175.33.
In other news, VP Cynthia Y. Belak sold 4,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $185.19, for a total transaction of $740,760.00. Following the transaction, the vice president now directly owns 6,903 shares in the company, valued at approximately $1,278,366.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Schack Wesley W. Von sold 1,206 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $182.73, for a total transaction of $220,372.38. The disclosure for this sale can be found here. Insiders have sold a total of 25,364 shares of company stock worth $4,643,847 over the last 90 days. 3.30% of the stock is owned by company insiders.
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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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