Teledyne Technologies Incorporated (NYSE:TDY) Receives Consensus Rating of "Buy" from Analysts

Shares of Teledyne Technologies Incorporated (NYSE:TDY - Get Free Report) have earned a consensus rating of "Buy" from the six research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $542.50.

Several research analysts have weighed in on the company. TD Securities reiterated a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research note on Thursday, April 24th. Bank of America lifted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC reduced their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th.

Teledyne Technologies Stock Performance

Shares of TDY traded down $0.26 during mid-day trading on Tuesday, reaching $498.47. 464,305 shares of the company's stock were exchanged, compared to its average volume of 295,211. The business's fifty day simple moving average is $476.10 and its 200-day simple moving average is $483.01. The stock has a market capitalization of $23.36 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06. Teledyne Technologies has a 52-week low of $380.63 and a 52-week high of $522.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating analysts' consensus estimates of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $4.55 earnings per share. Teledyne Technologies's quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Teledyne Technologies will post 21.55 earnings per share for the current year.

Hedge Funds Weigh In On Teledyne Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC boosted its holdings in Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock worth $26,000 after buying an additional 35 shares in the last quarter. Quarry LP acquired a new stake in shares of Teledyne Technologies during the 4th quarter valued at approximately $28,000. NBC Securities Inc. purchased a new stake in shares of Teledyne Technologies during the 1st quarter worth approximately $28,000. Hurley Capital LLC acquired a new stake in shares of Teledyne Technologies in the 4th quarter worth approximately $33,000. Finally, Ancora Advisors LLC increased its stake in Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

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.