Teledyne Technologies Incorporated (NYSE:TDY) Given Consensus Rating of "Buy" by Analysts

Teledyne Technologies Incorporated (NYSE:TDY - Get Free Report) has earned a consensus rating of "Buy" from the seven ratings firms that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $554.43.

Several research firms recently issued reports on TDY. TD Securities restated a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC cut their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Bank of America lifted their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Stifel Nicolaus assumed coverage on Teledyne Technologies in a research report on Tuesday. They issued a "buy" rating and a $626.00 price objective on the stock.

Teledyne Technologies Price Performance

TDY opened at $509.44 on Friday. The stock's 50 day simple moving average is $485.91 and its 200 day simple moving average is $485.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.19 and a quick ratio of 1.44. Teledyne Technologies has a 1 year low of $381.03 and a 1 year high of $522.50. The firm has a market cap of $23.87 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.38 and a beta of 1.04.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $4.55 EPS. Teledyne Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts predict that Teledyne Technologies will post 21.55 earnings per share for the current year.

Institutional Investors Weigh In On Teledyne Technologies

Hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in shares of 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 valued at $26,000 after purchasing an additional 35 shares in the last quarter. Quarry LP bought a new stake in shares of Teledyne Technologies during the fourth quarter valued at approximately $28,000. NBC Securities Inc. purchased a new position in Teledyne Technologies during the first quarter valued at $28,000. Hurley Capital LLC purchased a new position in Teledyne Technologies during the fourth quarter valued at $33,000. Finally, Ancora Advisors LLC raised its stake in Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after buying an additional 50 shares during the last quarter. 91.58% of the stock is currently 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.

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