Shares of Teledyne Technologies Inc. (NYSE:TDY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $106.43 and last traded at $105.56, with a volume of 60,303 shares changing hands. The stock had previously closed at $104.52.

TDY has been the subject of several analyst reports. CL King downgraded shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and set a $107.00 target price for the company. in a report on Wednesday, July 6th. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, March 28th. Zacks Investment Research upgraded shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a report on Friday, June 3rd. Finally, Jefferies Group reiterated a “hold” rating on shares of Teledyne Technologies in a report on Monday, July 11th.

The company has a market capitalization of $3.64 billion and a price-to-earnings ratio of 19.74. The stock has a 50 day moving average price of $100.19 and a 200-day moving average price of $90.58.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, May 5th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The firm had revenue of $530.50 million for the quarter, compared to the consensus estimate of $548.94 million. During the same quarter in the prior year, the company posted $1.20 earnings per share. The firm’s revenue was down 6.1% compared to the same quarter last year. Analysts forecast 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 the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $94.00, for a total transaction of $376,000.00. Following the completion of the transaction, the director now directly owns 15,745 shares in the company, valued at approximately $1,480,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds and institutional investors have recently bought and sold shares of TDY. Wells Fargo & Company MN increased its position in Teledyne Technologies by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 247,065 shares of the company’s stock worth $21,914,000 after buying an additional 13,332 shares in the last quarter. New York State Common Retirement Fund increased its position in Teledyne Technologies by 3.6% in the fourth quarter. New York State Common Retirement Fund now owns 272,470 shares of the company’s stock worth $24,168,000 after buying an additional 9,567 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in Teledyne Technologies by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 22,814 shares of the company’s stock worth $2,024,000 after buying an additional 7,745 shares in the last quarter. Advisors Asset Management Inc. increased its position in Teledyne Technologies by 23.0% in the fourth quarter. Advisors Asset Management Inc. now owns 17,195 shares of the company’s stock worth $1,525,000 after buying an additional 3,219 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Teledyne Technologies by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 112,070 shares of the company’s stock worth $9,941,000 after buying an additional 1,732 shares in the last quarter.

Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to a range of markets, which include deepwater oil and gas exploration and production, oceanographic research, and air and water quality environmental monitoring. Its products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, and electronic test and measurement equipment.

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