Teledyne Technologies (NYSE:TDY) Price Target Raised to $415.00

Teledyne Technologies (NYSE:TDY) had its price objective upped by Cowen from $375.00 to $415.00 in a report issued on Tuesday, The Fly reports. They currently have an outperform rating on the scientific and technical instruments company’s stock.

Several other equities analysts also recently commented on the stock. ValuEngine raised shares of Teledyne Technologies from a sell rating to a hold rating in a research note on Tuesday, January 28th. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $355.00 to $400.00 and gave the company a buy rating in a research note on Tuesday, January 21st. Finally, Zacks Investment Research raised shares of Teledyne Technologies from a hold rating to a buy rating and set a $393.00 price objective for the company in a research note on Tuesday, January 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $374.50.

Teledyne Technologies stock opened at $389.48 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.72 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $14.12 billion, a PE ratio of 36.33 and a beta of 1.03. The firm has a fifty day simple moving average of $369.60 and a two-hundred day simple moving average of $334.89. Teledyne Technologies has a twelve month low of $224.84 and a twelve month high of $398.99.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.76 by $0.30. The firm had revenue of $834.20 million during the quarter, compared to the consensus estimate of $826.78 million. Teledyne Technologies had a net margin of 12.72% and a return on equity of 15.67%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 earnings per share. As a group, equities analysts expect that Teledyne Technologies will post 11.3 earnings per share for the current fiscal year.

In related news, VP Stephen Finis Blackwood sold 2,500 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $349.29, for a total transaction of $873,225.00. Following the transaction, the vice president now owns 11,754 shares in the company, valued at $4,105,554.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.19% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Teledyne Technologies by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,433 shares of the scientific and technical instruments company’s stock worth $2,229,000 after purchasing an additional 28 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Teledyne Technologies by 0.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,645 shares of the scientific and technical instruments company’s stock worth $1,610,000 after purchasing an additional 32 shares during the period. Parallel Advisors LLC grew its holdings in Teledyne Technologies by 62.7% in the fourth quarter. Parallel Advisors LLC now owns 96 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 37 shares during the period. Northwestern Mutual Investment Management Company LLC grew its holdings in Teledyne Technologies by 0.4% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 10,373 shares of the scientific and technical instruments company’s stock worth $3,340,000 after purchasing an additional 38 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in Teledyne Technologies by 9.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 448 shares of the scientific and technical instruments company’s stock worth $155,000 after purchasing an additional 38 shares during the period. Institutional investors own 84.61% of the company’s stock.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.

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