Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been given an average broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a buy rating on the company.
Analysts have set a one year consensus target price of $190.50 for the company and are expecting that the company will post $1.55 EPS for the current quarter, according to Zacks. Zacks has also assigned Teledyne Technologies an industry rank of 117 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have commented on TDY shares. Needham & Company LLC raised their price objective on Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a research note on Tuesday. ValuEngine cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Jefferies Group raised their price objective on Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, November 3rd.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.21. Teledyne Technologies had a return on equity of 14.06% and a net margin of 8.73%. The firm had revenue of $704.40 million during the quarter, compared to analysts’ expectations of $669.25 million. During the same quarter last year, the firm posted $1.64 earnings per share. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. analysts forecast that Teledyne Technologies will post 7.55 EPS for the current fiscal year.
In related news, Director Schack Wesley W. Von sold 1,206 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $182.73, for a total transaction of $220,372.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Cynthia Y. Belak sold 1,700 shares of Teledyne Technologies stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $185.44, for a total value of $315,248.00. Following the transaction, the vice president now directly owns 6,903 shares in the company, valued at approximately $1,280,092.32. The disclosure for this sale can be found here. Insiders sold 19,858 shares of company stock valued at $3,627,497 in the last three months. Insiders own 3.30% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in Teledyne Technologies during the fourth quarter worth $101,000. Tower Research Capital LLC TRC lifted its holdings in Teledyne Technologies by 1,204.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock worth $166,000 after acquiring an additional 1,204 shares during the period. Kovack Advisors Inc. bought a new stake in Teledyne Technologies during the fourth quarter worth $213,000. Zions Bancorporation bought a new stake in Teledyne Technologies during the third quarter worth $220,000. Finally, CIBC Asset Management Inc bought a new stake in Teledyne Technologies during the fourth quarter worth $220,000. 84.49% of the stock is currently owned by 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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