Teledyne Technologies Incorporated (NYSE:TDY) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Teledyne Technologies Incorporated (NYSE:TDY - Get Free Report) have been assigned an average rating of "Buy" from the five analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $498.43.

TDY has been the subject of several analyst reports. StockNews.com downgraded shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Thursday. TD Cowen cut their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a "buy" rating for the company in a report on Thursday. Finally, Needham & Company LLC cut their price target on shares of Teledyne Technologies from $510.00 to $455.00 and set a "buy" rating for the company in a report on Thursday.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded up $14.56 during trading on Thursday, hitting $377.06. 684,295 shares of the company's stock traded hands, compared to its average volume of 232,589. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17. The firm's fifty day moving average price is $417.57 and its 200 day moving average price is $414.64. Teledyne Technologies has a twelve month low of $355.41 and a twelve month high of $448.19. The company has a market cap of $17.87 billion, a PE ratio of 20.38, a PEG ratio of 2.62 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.63 by ($0.08). Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business earned $4.53 earnings per share. The company's revenue for the quarter was down 2.4% on a year-over-year basis. Analysts forecast that Teledyne Technologies will post 20.56 earnings per share for the current year.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the business's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the transaction, the director now directly owns 67,288 shares of the company's stock, valued at $28,711,789.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Simon M. Lorne sold 2,200 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares of the company's stock, valued at $28,711,789.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the business's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the sale, the director now directly owns 18,735 shares of the company's stock, valued at $8,110,568.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,711 shares of company stock valued at $2,890,621. Insiders own 2.14% of the company's stock.

Institutional Investors Weigh In On Teledyne Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TDY. CWM LLC raised its stake in shares of Teledyne Technologies by 14.3% during the third quarter. CWM LLC now owns 550 shares of the scientific and technical instruments company's stock worth $225,000 after buying an additional 69 shares during the last quarter. HB Wealth Management LLC acquired a new position in Teledyne Technologies during the third quarter valued at approximately $200,000. Flagship Harbor Advisors LLC grew its holdings in Teledyne Technologies by 17.6% during the third quarter. Flagship Harbor Advisors LLC now owns 640 shares of the scientific and technical instruments company's stock valued at $261,000 after purchasing an additional 96 shares during the period. Park Place Capital Corp grew its holdings in Teledyne Technologies by 8.0% during the third quarter. Park Place Capital Corp now owns 420 shares of the scientific and technical instruments company's stock valued at $172,000 after purchasing an additional 31 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Teledyne Technologies during the third quarter valued at approximately $52,000. 91.58% of the stock is owned by 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.