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

Teledyne Technologies Incorporated (NYSE:TDY) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $466.40.

Several analysts have recently issued reports on TDY shares. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Vertical Research assumed coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price on the stock. Finally, Needham & Company LLC raised 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.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $436.11 on Friday. The business’s 50 day simple moving average is $420.34 and its 200 day simple moving average is $406.71. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $448.19. The company has a market cap of $20.66 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 3.03 and a beta of 1.02. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm earned $4.67 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Sell-side analysts forecast that Teledyne Technologies will post 19.43 EPS for the current year.

Institutional Trading of Teledyne Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kapitalo Investimentos Ltda bought a new position in shares of Teledyne Technologies in the fourth quarter worth $29,000. American National Bank purchased a new stake in shares of Teledyne Technologies in the 2nd quarter valued at about $28,000. Innealta Capital LLC bought a new stake in shares of Teledyne Technologies during the 2nd quarter valued at about $28,000. Tortoise Investment Management LLC grew its holdings in shares of Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC increased its position in shares of Teledyne Technologies by 319.0% in the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

About Teledyne Technologies

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.