Teledyne Technologies (NYSE:TDY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics in the United States, Canada and internationally. 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. Digital Imaging segment includes sensors, cameras and systems, within the visible, infrared, ultraviolet and X-ray spectra. Aerospace and Defense Electronics segment provides electronic components and subsystems and communications products, including defense electronics. Engineered Systems segment provides systems engineering and integration and technology development, as well as manufacturing solutions. The company markets and sells its products and services through sales forces, third-party distributors, and commissioned sales representatives. “

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Jefferies Group increased their price objective on shares of Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Needham & Company LLC upped their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $175.33.

Teledyne Technologies (TDY) traded up $3.03 during trading hours on Friday, hitting $187.12. 175,900 shares of the stock were exchanged, compared to its average volume of 147,900. The company has a current ratio of 1.98, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $6,523.50, a price-to-earnings ratio of 31.82, a PEG ratio of 3.46 and a beta of 1.03. Teledyne Technologies has a twelve month low of $119.67 and a twelve month high of $187.76.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.34. The business had revenue of $662.20 million during the quarter, compared to analyst estimates of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The company’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 earnings per share. equities analysts expect that Teledyne Technologies will post 6.7 earnings per share for the current year.

In other news, VP Cynthia Y. Belak sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $185.19, for a total value of $740,760.00. Following the transaction, the vice president now directly owns 6,903 shares in the company, valued at approximately $1,278,366.57. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Cynthia Y. Belak sold 1,700 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $185.44, for a total transaction of $315,248.00. Following the completion of the transaction, the vice president now owns 6,903 shares in the company, valued at $1,280,092.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,364 shares of company stock worth $4,643,847 over the last quarter. 3.30% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in TDY. Janus Capital Management acquired a new position in shares of Teledyne Technologies in the 3rd quarter worth approximately $67,431,000. Cardinal Capital Management boosted its holdings in shares of Teledyne Technologies by 4.4% in the fourth quarter. Cardinal Capital Management now owns 3,229 shares of the scientific and technical instruments company’s stock worth $286,000 after buying an additional 137 shares during the period. Chelsea Counsel Company acquired a new position in shares of Teledyne Technologies in the third quarter worth about $288,000. Goldman Sachs Group Inc. boosted its holdings in shares of Teledyne Technologies by 134.8% in the first quarter. Goldman Sachs Group Inc. now owns 355,517 shares of the scientific and technical instruments company’s stock worth $31,335,000 after buying an additional 204,089 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Teledyne Technologies by 18.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 153,599 shares of the scientific and technical instruments company’s stock worth $16,578,000 after buying an additional 23,931 shares during the period. 84.07% of the stock is currently owned by hedge funds and other institutional investors.

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About Teledyne Technologies

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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