Teledyne Technologies Incorporated (NYSE:TDY) Given Consensus Recommendation of “Buy” by Analysts

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been assigned an average rating of “Buy” from the five research firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $531.00.

Several brokerages have commented on TDY. UBS Group began coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective for the company. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Needham & Company LLC upped their price target on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen upped their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th.

Insider Activity

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 3,925 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the completion of the sale, the chairman now directly owns 171,802 shares in the company, valued at approximately $84,268,881. This trade represents a 2.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jason Vanwees sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $488.71, for a total transaction of $733,065.00. Following the completion of the transaction, the insider now owns 2,900 shares in the company, valued at approximately $1,417,259. This represents a 34.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,525 shares of company stock worth $26,080,464 over the last three months. 2.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Teledyne Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. West Oak Capital LLC boosted its position in shares of Teledyne Technologies by 4,721.8% during the fourth quarter. West Oak Capital LLC now owns 11,283 shares of the scientific and technical instruments company’s stock valued at $5,237,000 after buying an additional 11,049 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Teledyne Technologies by 5.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,418 shares of the scientific and technical instruments company’s stock valued at $621,000 after acquiring an additional 74 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of Teledyne Technologies by 14.9% in the fourth quarter. Fulton Bank N.A. now owns 1,415 shares of the scientific and technical instruments company’s stock worth $657,000 after acquiring an additional 183 shares during the period. One Wealth Capital Management LLC purchased a new position in shares of Teledyne Technologies during the fourth quarter valued at approximately $233,000. Finally, GAMMA Investing LLC lifted its position in Teledyne Technologies by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 801 shares of the scientific and technical instruments company’s stock valued at $372,000 after purchasing an additional 212 shares during the period. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 1.2 %

NYSE TDY opened at $456.51 on Friday. Teledyne Technologies has a 1 year low of $355.41 and a 1 year high of $492.00. The stock has a market capitalization of $21.27 billion, a PE ratio of 23.08, a PEG ratio of 3.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The business’s 50-day moving average is $472.44 and its 200 day moving average is $440.03.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $5.05 EPS. Sell-side analysts forecast that Teledyne Technologies will post 19.45 earnings per share for the current year.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.