Teledyne Technologies Inc. Reaches New 12-Month High at $84.06 (TDY)
Teledyne Technologies (NYSE:TDY)’s share price reached a new 52-week high during trading hours on Monday, Analyst Ratings.Net reports. The company traded as high as $84.06 and last traded at $83.30, with a volume of 26,509 shares traded. The stock had previously closed at $82.76.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Teledyne Technologies (NYSE:TDY) from $75.00 to $85.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of Teledyne Technologies (NYSE:TDY) from $82.00 to $90.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Finally, analysts at Drexel Hamilton upgraded shares of Teledyne Technologies (NYSE:TDY) from a “hold” rating to a “buy” rating in a research note to investors on Friday, July 12th.
In other Teledyne Technologies news, Director Schack Wesley W. Von unloaded 4,000 shares of Teledyne Technologies stock on the open market in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $83.45, for a total transaction of $333,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Teledyne Technologies has a 52 week low of $59.61 and a 52 week high of $84.06. The stock’s 50-day moving average is $80.65 and its 200-day moving average is $77.89. The company has a market cap of $3.128 billion and a P/E ratio of 18.11.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.06. The company had revenue of $601.00 million for the quarter, compared to the consensus estimate of $574.96 million. During the same quarter last year, the company posted $1.06 earnings per share. Teledyne Technologies’s revenue was up 15.9% compared to the same quarter last year. Analysts expect that Teledyne Technologies will post $4.55 EPS for the current fiscal year.
Teledyne Technologies Incorporated (NYSE:TDY) is a provider of electronic subsystems and instrumentation, including aerospace and defense electronics, digital imaging products and software, monitoring instrumentation for marine and environmental applications, harsh environment interconnect products, and subsystems for satellite communications.
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