News coverage about Teledyne Technologies (NYSE:TDY) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Teledyne Technologies earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the scientific and technical instruments company an impact score of 47.3821596326793 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Teledyne Awarded Extension to the International Space Station Mission Operations and Integration Services Contract (finance.yahoo.com)
- Air Quality Monitoring Software Market worth +543 Million USD by 2022 (openpr.com)
- Teledyne Technologies Incorporated (TDY) Given $190.50 Consensus Target Price by Analysts (americanbankingnews.com)
- Signal Generator Market Analysis, Segments, Growth and Value Chain 2016-2026 (openpr.com)
Teledyne Technologies (NYSE TDY) traded down $2.64 on Wednesday, hitting $189.58. 226,176 shares of the stock were exchanged, compared to its average volume of 167,960. The stock has a market capitalization of $6,886.93, a price-to-earnings ratio of 30.38, a P/E/G ratio of 3.41 and a beta of 1.02. Teledyne Technologies has a 12 month low of $121.58 and a 12 month high of $201.40. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.87 and a quick ratio of 1.13.
Several research analysts recently commented on TDY shares. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies to $205.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Teledyne Technologies has a consensus rating of “Buy” and an average target price of $196.00.
In other news, Chairman Robert Mehrabian sold 35,000 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $192.92, for a total transaction of $6,752,200.00. Following the sale, the chairman now owns 284,072 shares in the company, valued at $54,803,170.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Simon M. Lorne sold 4,958 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $181.64, for a total transaction of $900,571.12. Following the sale, the director now owns 30,297 shares in the company, valued at approximately $5,503,147.08. The disclosure for this sale can be found here. Insiders have sold 53,452 shares of company stock worth $10,162,286 in the last quarter. Insiders own 3.73% of the company’s stock.
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About Teledyne Technologies
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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