Teledyne Technologies Incorporated (TDY) Given $190.50 Average Target Price by Brokerages

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been assigned an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a buy rating to the company.

Brokers have set a 1-year consensus price target of $190.50 for the company and are forecasting 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 102 out of 265 based on the ratings given to related companies.

A number of research analysts have issued reports on TDY shares. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. Jefferies Group boosted their target price on shares of Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Needham & Company LLC boosted 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. Finally, ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 5,994 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $182.44, for a total transaction of $1,093,545.36. Following the sale, the director now directly owns 12,164 shares in the company, valued at approximately $2,219,200.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Simon M. Lorne sold 4,958 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $181.64, for a total transaction of $900,571.12. Following the sale, the director now owns 30,297 shares in the company, valued at $5,503,147.08. The disclosure for this sale can be found here. Insiders have sold a total of 18,652 shares of company stock worth $3,407,124 over the last 90 days. 3.30% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. raised its position in shares of Teledyne Technologies by 2.0% during the 4th quarter. Whittier Trust Co. now owns 15,472 shares of the scientific and technical instruments company’s stock worth $2,803,000 after buying an additional 310 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Teledyne Technologies by 9.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,258 shares of the scientific and technical instruments company’s stock worth $678,000 after buying an additional 353 shares in the last quarter. Stifel Financial Corp raised its position in shares of Teledyne Technologies by 2.8% during the 3rd quarter. Stifel Financial Corp now owns 13,287 shares of the scientific and technical instruments company’s stock worth $2,112,000 after buying an additional 365 shares in the last quarter. Cardinal Capital Management raised its position in shares of Teledyne Technologies by 7.4% during the 3rd quarter. Cardinal Capital Management now owns 5,674 shares of the scientific and technical instruments company’s stock worth $903,000 after buying an additional 393 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of Teledyne Technologies by 4.5% during the 3rd quarter. Aperio Group LLC now owns 10,138 shares of the scientific and technical instruments company’s stock worth $1,614,000 after buying an additional 440 shares in the last quarter. Institutional investors own 84.49% of the company’s stock.

Teledyne Technologies (NYSE:TDY) opened at $179.02 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.90. The stock has a market cap of $6,343.75, a PE ratio of 28.69, a price-to-earnings-growth ratio of 3.16 and a beta of 1.03. Teledyne Technologies has a one year low of $121.58 and a one year high of $201.40.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, February 1st. The scientific and technical instruments company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.21. The firm had revenue of $704.40 million during the quarter, compared to analyst estimates of $669.25 million. Teledyne Technologies had a net margin of 8.73% and a return on equity of 14.06%. Teledyne Technologies’s revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 EPS. equities research analysts predict that Teledyne Technologies will post 7.55 earnings per share for the current fiscal year.

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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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