Teledyne Technologies Inc. (NYSE:TDY) shares gapped up before the market opened on Friday . The stock had previously closed at $96.91, but opened at $97.62. Teledyne Technologies shares last traded at $101.24, with a volume of 82,045 shares.

Several research analysts have weighed in on TDY shares. Needham & Company LLC upped their target price on shares of Teledyne Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, March 28th. Zacks Investment Research upgraded shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, April 7th. Finally, CL King lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and set a $107.00 target price on the stock. in a research report on Wednesday.

The company’s 50 day moving average is $98.20 and its 200-day moving average is $89.34. The firm has a market cap of $3.50 billion and a price-to-earnings ratio of 18.98.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, May 5th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.02. During the same period last year, the firm posted $1.20 earnings per share. The business earned $530.50 million during the quarter, compared to analyst estimates of $548.94 million. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Equities research analysts predict that Teledyne Technologies Inc. will post $5.11 EPS for the current fiscal year.

In other news, Director Schack Wesley W. Von sold 4,000 shares of Teledyne Technologies stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $94.00, for a total value of $376,000.00. Following the completion of the transaction, the director now directly owns 15,745 shares of the company’s stock, valued at approximately $1,480,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Other hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Teledyne Technologies by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 371,153 shares of the company’s stock valued at $32,922,000 after buying an additional 38,807 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Teledyne Technologies by 23.0% in the fourth quarter. Advisors Asset Management Inc. now owns 17,195 shares of the company’s stock valued at $1,525,000 after buying an additional 3,219 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Teledyne Technologies by 1.1% in the fourth quarter. Whittier Trust Co. now owns 13,626 shares of the company’s stock valued at $1,209,000 after buying an additional 143 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Teledyne Technologies by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 112,070 shares of the company’s stock valued at $9,941,000 after buying an additional 1,732 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Teledyne Technologies by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 247,065 shares of the company’s stock valued at $21,914,000 after buying an additional 13,332 shares in the last quarter.

Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to markets, which include deepwater oil and gas exploration and production, oceanographic research, air and water quality environmental monitoring, electronics design and development, factory automation and medical imaging.

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