Teledyne Technologies Incorporated (NYSE:TDY) Receives $554.43 Consensus PT from Brokerages

Teledyne Technologies Incorporated (NYSE:TDY) has been given an average recommendation of “Buy” by the seven analysts that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have covered the stock in the last year is $554.43.

Several research analysts have recently commented on TDY shares. Wall Street Zen raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Bank of America boosted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. TD Securities restated a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Stifel Nicolaus began coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They issued a “buy” rating and a $626.00 target price for the company. Finally, Needham & Company LLC dropped their target price on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, April 24th.

Institutional Trading of Teledyne Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC increased its stake in shares of Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 35 shares during the period. Quarry LP bought a new stake in shares of Teledyne Technologies during the 4th quarter valued at $28,000. NBC Securities Inc. bought a new position in Teledyne Technologies in the 1st quarter worth about $28,000. Hurley Capital LLC bought a new position in Teledyne Technologies in the 4th quarter worth about $33,000. Finally, Ancora Advisors LLC boosted its stake in Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 0.3%

Shares of NYSE TDY opened at $509.87 on Friday. Teledyne Technologies has a 12 month low of $381.03 and a 12 month high of $522.50. The company has a current ratio of 2.19, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $23.89 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 2.40 and a beta of 1.04. The business has a 50-day moving average of $490.24 and a 200-day moving average of $486.04.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $4.55 earnings per share. Teledyne Technologies’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts expect that Teledyne Technologies will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.