Teledyne Technologies Inc. (TDY) Reaches New 12-Month High at $106.43
Teledyne Technologies Inc. (NYSE:TDY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $106.43 and last traded at $105.56, with a volume of 60,303 shares trading hands. The stock had previously closed at $104.52.
Several equities analysts recently issued reports on the stock. Jefferies Group reiterated a “hold” rating on shares of Teledyne Technologies in a research report on Monday, July 11th. Zacks Investment Research upgraded shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Finally, CL King cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and set a $107.00 price target on the stock. in a research report on Wednesday, July 6th.
The firm has a market cap of $3.61 billion and a price-to-earnings ratio of 19.554. The company has a 50 day moving average of $100.47 and a 200-day moving average of $90.85.
Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data 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. The business had revenue of $530.50 million for the quarter, compared to the consensus estimate of $548.94 million. Teledyne Technologies’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 EPS. On average, equities research analysts expect that Teledyne Technologies Inc. will post $5.11 EPS for the current fiscal year.
In other Teledyne Technologies news, Director Schack Wesley W. Von sold 4,000 shares of the stock in a transaction on Monday, May 16th. The shares were 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 owns 15,745 shares in the company, valued at $1,480,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
A number of institutional investors have added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised 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 valued at $1,525,000 after buying an additional 3,219 shares during the period. Whittier Trust Co. raised its stake in 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 during the period. Principal Financial Group Inc. raised its stake in 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 during the period. Wells Fargo & Company MN raised its stake in 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 during the period. Finally, Liberty Mutual Group Asset Management Inc. raised its stake 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 valued at $2,024,000 after buying an additional 7,745 shares during the period.
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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