Teledyne Technologies (NYSE:TDY) Price Target Raised to $500.00 at TD Cowen

Teledyne Technologies (NYSE:TDY) had its price objective boosted by TD Cowen from $450.00 to $500.00 in a report issued on Thursday morning, Benzinga reports. TD Cowen currently has a buy rating on the scientific and technical instruments company’s stock.

Several other research firms also recently issued reports on TDY. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Vertical Research began coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target on the stock. Finally, Needham & Company LLC increased their price target on Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $474.50.

Teledyne Technologies Stock Down 0.6 %

Shares of TDY traded down $2.80 during mid-day trading on Thursday, hitting $470.06. 48,003 shares of the company’s stock were exchanged, compared to its average volume of 240,057. Teledyne Technologies has a fifty-two week low of $355.41 and a fifty-two week high of $475.73. The stock’s 50-day moving average is $434.94 and its 200-day moving average is $410.18. 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 company has a market cap of $21.99 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 3.11 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $5.05 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Teledyne Technologies will post 19.43 earnings per share for the current fiscal year.

Institutional Trading of Teledyne Technologies

Several institutional investors and hedge funds have recently made changes to their positions in TDY. Wellington Management Group LLP grew its holdings in shares of Teledyne Technologies by 1.8% during the fourth quarter. Wellington Management Group LLP now owns 5,664 shares of the scientific and technical instruments company’s stock worth $2,528,000 after buying an additional 99 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Teledyne Technologies by 20.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,683 shares of the scientific and technical instruments company’s stock worth $723,000 after purchasing an additional 280 shares during the last quarter. Thrive Wealth Management LLC purchased a new position in Teledyne Technologies during the first quarter worth about $216,000. Fifth Third Wealth Advisors LLC purchased a new position in Teledyne Technologies during the first quarter worth approximately $216,000. Finally, SteelPeak Wealth LLC increased its position in Teledyne Technologies by 212.1% during the 1st quarter. SteelPeak Wealth LLC now owns 1,682 shares of the scientific and technical instruments company’s stock worth $722,000 after purchasing an additional 1,143 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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.