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

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have earned an average recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is $542.50.

Several equities research analysts recently commented on TDY shares. Needham & Company LLC dropped their target price on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Wall Street Zen raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. TD Securities restated a “buy” rating and issued a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Finally, Bank of America boosted their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, March 17th.

Hedge Funds Weigh In On Teledyne Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of TDY. Stratos Wealth Partners LTD. lifted its stake in shares of Teledyne Technologies by 4.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock worth $232,000 after buying an additional 21 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in shares of Teledyne Technologies by 0.8% in the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company’s stock valued at $1,335,000 after buying an additional 22 shares during the period. Tidal Investments LLC grew its holdings in shares of Teledyne Technologies by 0.4% during the 4th quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company’s stock worth $2,556,000 after purchasing an additional 22 shares in the last quarter. Keel Point LLC grew its stake in Teledyne Technologies by 4.5% during the fourth quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company’s stock worth $247,000 after buying an additional 23 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Teledyne Technologies by 0.4% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company’s stock valued at $3,254,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $505.35 on Tuesday. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 3.14 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The company has a 50 day moving average price of $476.34 and a 200 day moving average price of $483.86. Teledyne Technologies has a one year low of $380.63 and a one year high of $522.50.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.55 earnings per share. Sell-side analysts anticipate that Teledyne Technologies will post 21.55 EPS for the current year.

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.