Teledyne Technologies Incorporated (NYSE:TDY) Price Target Raised to $190.00 at Needham & Company LLC

Teledyne Technologies Incorporated (NYSE:TDY) had its price objective raised by Needham & Company LLC from $157.00 to $190.00 in a research note published on Friday, November 3rd, Marketbeat Ratings reports. Needham & Company LLC currently has a buy rating on the scientific and technical instruments company’s stock.

TDY has been the subject of several other reports. Zacks Investment Research downgraded Teledyne Technologies from a strong-buy rating to a hold rating in a research report on Wednesday, October 4th. ValuEngine lowered Teledyne Technologies from a buy rating to a hold rating in a research note on Monday, October 2nd. Jefferies Group LLC reiterated a hold rating and issued a $150.00 target price (up previously from $145.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. Finally, BidaskClub upgraded Teledyne Technologies from a hold rating to a buy rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $175.33.

Teledyne Technologies (TDY) traded down $1.19 during midday trading on Friday, hitting $183.81. The stock had a trading volume of 65,360 shares, compared to its average volume of 166,539. The company has a market cap of $6,371.48, a P/E ratio of 27.20, a P/E/G ratio of 3.58 and a beta of 1.01. Teledyne Technologies has a 52-week low of $119.67 and a 52-week high of $185.66. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.34. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The company had revenue of $662.20 million during the quarter, compared to the consensus estimate of $656.20 million. During the same period last year, the company earned $1.46 earnings per share. Teledyne Technologies’s revenue was up 25.7% on a year-over-year basis. equities analysts expect that Teledyne Technologies will post 6.7 EPS for the current fiscal year.

WARNING: “Teledyne Technologies Incorporated (NYSE:TDY) Price Target Raised to $190.00 at Needham & Company LLC” was originally reported by BBNS and is owned by of BBNS. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/teledyne-technologies-incorporated-tdy-price-target-raised-to-190-00/1756262.html.

In other news, CFO Sue Main sold 7,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $183.88, for a total value of $1,287,160.00. Following the transaction, the chief financial officer now owns 40,874 shares of the company’s stock, valued at approximately $7,515,911.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Schack Wesley W. Von sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $178.50, for a total value of $357,000.00. Following the completion of the transaction, the director now directly owns 13,358 shares in the company, valued at approximately $2,384,403. The disclosure for this sale can be found here. Insiders sold 18,706 shares of company stock valued at $3,280,467 over the last 90 days. Company insiders own 3.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in Teledyne Technologies by 1,204.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock valued at $166,000 after purchasing an additional 1,204 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Teledyne Technologies by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock valued at $169,000 after purchasing an additional 177 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $181,000. HighTower Advisors LLC purchased a new position in shares of Teledyne Technologies in the 1st quarter valued at about $219,000. Finally, Zions Bancorporation purchased a new position in shares of Teledyne Technologies in the 3rd quarter valued at about $220,000. 83.43% of the stock is currently owned by institutional investors.

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.

Receive News & Ratings for Teledyne Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies Incorporated and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.