Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been assigned a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation. Teledyne Technologies’ rating score has improved by 20% in the last 90 days as a result of various analysts’ ratings changes.

Brokers have set a 12 month consensus price target of $150.00 for the company and are expecting that the company will post $1.62 EPS for the current quarter, according to Zacks. Zacks has also assigned Teledyne Technologies an industry rank of 189 out of 265 based on the ratings given to its competitors.

A number of equities analysts recently weighed in on TDY shares. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a report on Tuesday, August 8th. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Jefferies Group LLC restated a “hold” rating and issued a $140.00 price objective on shares of Teledyne Technologies in a report on Friday, July 7th. BidaskClub upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $157.00 target price (up from $148.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th.

In other news, SVP Jason Vanwees sold 6,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $147.07, for a total transaction of $882,420.00. Following the completion of the sale, the senior vice president now owns 35,159 shares of the company’s stock, valued at approximately $5,170,834.13. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Melanie Susan Cibik sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $146.20, for a total transaction of $584,800.00. Following the sale, the vice president now directly owns 26,280 shares of the company’s stock, valued at approximately $3,842,136. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,000 shares of company stock valued at $2,060,420. Company insiders own 3.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Ironwood Investment Management LLC boosted its holdings in shares of Teledyne Technologies by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 2,711 shares of the scientific and technical instruments company’s stock valued at $346,000 after purchasing an additional 18 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Teledyne Technologies by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,651 shares of the scientific and technical instruments company’s stock valued at $338,000 after purchasing an additional 35 shares during the last quarter. World Asset Management Inc boosted its holdings in shares of Teledyne Technologies by 2.8% during the 2nd quarter. World Asset Management Inc now owns 2,199 shares of the scientific and technical instruments company’s stock valued at $281,000 after purchasing an additional 59 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Teledyne Technologies by 0.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,677 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after purchasing an additional 84 shares during the last quarter. Finally, First Midwest Bank Trust Division boosted its holdings in shares of Teledyne Technologies by 1.9% during the 2nd quarter. First Midwest Bank Trust Division now owns 4,621 shares of the scientific and technical instruments company’s stock valued at $590,000 after purchasing an additional 86 shares during the last quarter. 82.86% of the stock is owned by institutional investors.

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Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.34. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The company had revenue of $662.20 million during the quarter, compared to analyst estimates of $656.20 million. During the same period in the previous year, the business earned $1.46 EPS. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis.

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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