Teledyne Technologies Incorporated (NYSE:TDY) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research note on Saturday, April 15th. Needham & Company LLC upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research note on Wednesday, July 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 price target on shares of Teledyne Technologies in a research note on Friday, July 7th.

Teledyne Technologies (NYSE:TDY) traded down 0.15% during trading on Tuesday, reaching $146.91. The company had a trading volume of 74,635 shares. The firm has a market capitalization of $5.18 billion, a P/E ratio of 28.86 and a beta of 0.98. Teledyne Technologies has a one year low of $101.90 and a one year high of $147.62. The firm’s 50-day moving average price is $131.96 and its 200 day moving average price is $129.86.

Teledyne Technologies (NYSE:TDY) last issued its quarterly 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 return on equity of 13.80% and a net margin of 8.44%. The business had revenue of $671.10 million during the quarter, compared to analyst estimates of $636.18 million. During the same quarter in the prior year, the business posted $1.32 EPS. Teledyne Technologies’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities analysts forecast that Teledyne Technologies will post $5.56 earnings per share for the current fiscal year.

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In other news, Chairman Robert Mehrabian acquired 10,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was purchased at an average price of $129.41 per share, for a total transaction of $1,294,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jason Vanwees sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $147.07, for a total value of $882,420.00. Following the transaction, the senior vice president now owns 35,159 shares of the company’s stock, valued at approximately $5,170,834.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,207 shares of company stock valued at $2,874,922. Company insiders own 3.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Teledyne Technologies by 17,074.2% in the first quarter. BlackRock Inc. now owns 3,937,353 shares of the scientific and technical instruments company’s stock worth $497,917,000 after buying an additional 3,914,427 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Teledyne Technologies by 6.0% in the first quarter. Vanguard Group Inc. now owns 2,671,329 shares of the scientific and technical instruments company’s stock worth $337,816,000 after buying an additional 151,201 shares during the last quarter. State Street Corp increased its position 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 last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Teledyne Technologies by 3.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,029,047 shares of the scientific and technical instruments company’s stock worth $130,133,000 after buying an additional 33,322 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position 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 last quarter. Hedge funds and other institutional investors own 83.67% 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.

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