Teledyne Technologies Incorporated (NYSE:TDY) – Investment analysts at Jefferies Group increased their FY2017 earnings per share (EPS) estimates for Teledyne Technologies in a research report issued to clients and investors on Thursday. Jefferies Group analyst H. Rubel now anticipates that the scientific and technical instruments company will earn $6.12 per share for the year, up from their prior estimate of $5.67. Jefferies Group has a “Hold” rating and a $145.00 price objective on the stock. Jefferies Group also issued estimates for Teledyne Technologies’ Q1 2018 earnings at $1.49 EPS, Q2 2018 earnings at $1.61 EPS, Q3 2018 earnings at $1.67 EPS, Q4 2018 earnings at $1.73 EPS, FY2019 earnings at $6.90 EPS and FY2020 earnings at $7.35 EPS.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The company had revenue of $671.10 million for the quarter, compared to analyst estimates of $636.18 million. During the same period in the prior year, the business earned $1.32 earnings per share. Teledyne Technologies’s quarterly revenue was up 24.3% on a year-over-year basis.

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Several other research firms also recently commented on TDY. Zacks Investment Research downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. BidaskClub downgraded shares of Teledyne Technologies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, Needham & Company LLC upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Wednesday, July 5th.

Teledyne Technologies (NYSE TDY) opened at 148.30 on Monday. Teledyne Technologies has a one year low of $101.90 and a one year high of $148.62. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 29.13 and a beta of 0.98. The company has a 50-day moving average of $131.96 and a 200 day moving average of $129.86.

In related news, Director Simon M. Lorne sold 3,617 shares of Teledyne Technologies 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 sale, the director now directly owns 30,190 shares in the company, valued at approximately $3,903,265.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas H. Reslewic bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The shares were acquired at an average price of $124.50 per share, for a total transaction of $622,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 15,207 shares of company stock worth $1,992,502. 3.30% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of TDY. Great West Life Assurance Co. Can increased its stake in Teledyne Technologies by 4.8% in the first quarter. Great West Life Assurance Co. Can now owns 20,683 shares of the scientific and technical instruments company’s stock valued at $2,613,000 after buying an additional 953 shares in the last quarter. Wells Fargo & Company MN increased its stake in Teledyne Technologies by 2.4% in the first quarter. Wells Fargo & Company MN now owns 353,323 shares of the scientific and technical instruments company’s stock valued at $44,680,000 after buying an additional 8,255 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Teledyne Technologies by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,276 shares of the scientific and technical instruments company’s stock valued at $1,552,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. increased its stake in Teledyne Technologies by 4.8% in the first quarter. Whittier Trust Co. now owns 14,561 shares of the scientific and technical instruments company’s stock valued at $1,841,000 after buying an additional 662 shares in the last quarter. Finally, First Midwest Bank Trust Division increased its stake in Teledyne Technologies by 4.4% in the first quarter. First Midwest Bank Trust Division now owns 4,535 shares of the scientific and technical instruments company’s stock valued at $573,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 83.66% 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.

Earnings History and Estimates for Teledyne Technologies (NYSE:TDY)

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