Teledyne Technologies Incorporated (NYSE:TDY) was upgraded by equities researchers at Needham & Company LLC from a “hold” rating to a “buy” rating in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $148.00 price target on the scientific and technical instruments company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 11.07% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research note on Saturday, April 15th. Jefferies Group LLC reissued a “hold” rating and issued a $140.00 price objective on shares of Teledyne Technologies in a research note on Tuesday, June 6th.

Teledyne Technologies (TDY) traded up 2.95% during trading on Wednesday, hitting $133.25. The stock had a trading volume of 232,449 shares. The firm has a market cap of $4.70 billion, a P/E ratio of 26.17 and a beta of 0.97. Teledyne Technologies has a 52-week low of $98.64 and a 52-week high of $137.00. The company has a 50-day moving average of $129.59 and a 200 day moving average of $128.14.

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

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In related news, VP Thomas H. Reslewic acquired 5,000 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were purchased at an average cost of $124.50 per share, with a total value of $622,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Simon M. Lorne sold 3,617 shares of the business’s stock in a transaction 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 sale, the director now directly owns 30,190 shares in the company, valued at $3,903,265.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,207 shares of company stock worth $1,992,502. Insiders own 3.30% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Clearbridge Investments LLC raised its stake in shares of Teledyne Technologies by 46.9% in the first quarter. Clearbridge Investments LLC now owns 469,287 shares of the scientific and technical instruments company’s stock worth $59,346,000 after buying an additional 149,844 shares during the period. Ironwood Investment Management LLC raised its stake 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 worth $341,000 after buying an additional 32 shares during the period. HighTower Advisors LLC bought a new stake in shares of Teledyne Technologies during the first quarter worth $219,000. AQR Capital Management LLC raised its stake in shares of Teledyne Technologies by 146.3% in the first quarter. AQR Capital Management LLC now owns 78,970 shares of the scientific and technical instruments company’s stock worth $9,986,000 after buying an additional 46,910 shares during the period. Finally, State Street Corp raised its stake in shares of Teledyne Technologies by 4.9% in the first quarter. State Street Corp now owns 1,260,869 shares of the scientific and technical instruments company’s stock worth $159,450,000 after buying an additional 58,466 shares during the period. 83.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

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