Teledyne Technologies (NYSE:TDY) Upgraded at StockNews.com

StockNews.com upgraded shares of Teledyne Technologies (NYSE:TDY) from a hold rating to a buy rating in a report released on Saturday.

TDY has been the topic of several other research reports. Bank of America lowered Teledyne Technologies from a buy rating to a neutral rating and cut their target price for the company from $490.00 to $400.00 in a research report on Friday, April 26th. Needham & Company LLC increased their price target on Teledyne Technologies from $455.00 to $482.00 and gave the stock a buy rating in a report on Thursday, July 25th. TD Cowen lowered their price objective on shares of Teledyne Technologies from $475.00 to $450.00 and set a buy rating for the company in a research note on Thursday, April 25th. Finally, Vertical Research started coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a buy rating and a $470.00 target price on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $474.57.

Teledyne Technologies Stock Up 1.6 %

Teledyne Technologies stock opened at $406.05 on Friday. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.89 and a beta of 1.00. Teledyne Technologies has a 52-week low of $355.41 and a 52-week high of $448.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The firm has a 50 day moving average price of $395.76 and a two-hundred day moving average price of $407.69.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. Teledyne Technologies’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.67 earnings per share. Equities analysts predict that Teledyne Technologies will post 19.37 EPS for the current year.

Institutional Trading of Teledyne Technologies

Several hedge funds have recently bought and sold shares of the business. ING Groep NV lifted its stake in shares of Teledyne Technologies by 60.1% in the fourth quarter. ING Groep NV now owns 9,460 shares of the scientific and technical instruments company’s stock valued at $4,222,000 after buying an additional 3,550 shares in the last quarter. Grandfield & Dodd LLC boosted its stake in Teledyne Technologies by 11.2% during the 4th quarter. Grandfield & Dodd LLC now owns 30,894 shares of the scientific and technical instruments company’s stock valued at $13,788,000 after purchasing an additional 3,111 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Teledyne Technologies by 28.4% during the 4th quarter. Hsbc Holdings PLC now owns 91,664 shares of the scientific and technical instruments company’s stock worth $40,905,000 after purchasing an additional 20,263 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Teledyne Technologies by 35.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 132,361 shares of the scientific and technical instruments company’s stock worth $59,071,000 after purchasing an additional 34,371 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Teledyne Technologies by 46.2% in the first quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company’s stock valued at $1,786,000 after purchasing an additional 1,315 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

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.