Teledyne Technologies Incorporated (NYSE:TDY) Receives $471.17 Consensus Price Target from Brokerages

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $466.40.

Several analysts have recently commented on the company. Vertical Research assumed coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective for the company. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Needham & Company LLC upped their target price on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, July 25th.

Hedge Funds Weigh In On Teledyne Technologies

Several institutional investors have recently modified their holdings of the business. American National Bank bought a new position in Teledyne Technologies during the second quarter valued at $28,000. Innealta Capital LLC bought a new position in Teledyne Technologies during the second quarter valued at $28,000. Kapitalo Investimentos Ltda bought a new position in Teledyne Technologies during the fourth quarter valued at $29,000. Tortoise Investment Management LLC grew its holdings in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 24 shares during the period. Finally, Crewe Advisors LLC grew its holdings in Teledyne Technologies by 319.0% during the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 67 shares during the period. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Down 0.1 %

TDY stock opened at $435.74 on Friday. The stock’s 50 day simple moving average is $421.20 and its 200 day simple moving average is $406.78. Teledyne Technologies has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The company has a market cap of $20.38 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.67 EPS. On average, research analysts expect that Teledyne Technologies will post 19.43 earnings per share for the current fiscal year.

About Teledyne Technologies

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.