BidaskClub upgraded shares of Teledyne Technologies Incorporated (NYSE:TDY) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

A number of other research firms also recently commented on TDY. Zacks Investment Research downgraded Teledyne Technologies from a buy rating to a hold rating in a research report on Thursday, June 1st. Jefferies Group LLC reiterated a hold rating and set a $140.00 target price on shares of Teledyne Technologies in a research report on Tuesday, June 6th. Finally, Needham & Company LLC upgraded Teledyne Technologies from a hold rating to a buy rating and set a $148.00 target price on the stock in a research report on Wednesday, July 5th.

Shares of Teledyne Technologies (NYSE:TDY) traded down 0.03% during trading on Tuesday, reaching $146.76. 53,902 shares of the company’s stock were exchanged. Teledyne Technologies has a 12-month low of $101.90 and a 12-month high of $147.34. The company has a market capitalization of $5.18 billion, a P/E ratio of 28.83 and a beta of 0.98. The stock has a 50-day moving average price of $131.96 and a 200 day moving average price of $129.86.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.49. The company had revenue of $671.10 million for the quarter, compared to the consensus estimate of $636.18 million. Teledyne Technologies had a return on equity of 13.80% and a net margin of 8.44%. Teledyne Technologies’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 earnings per share. Equities analysts expect that Teledyne Technologies will post $5.56 EPS for the current fiscal year.

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In other Teledyne Technologies news, SVP Jason Vanwees sold 6,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $147.07, for a total transaction of $882,420.00. Following the sale, the senior vice president now directly owns 35,159 shares in the company, valued at $5,170,834.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael T. Smith sold 3,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $134.72, for a total value of $404,160.00. Following the sale, the director now owns 33,806 shares in the company, valued at $4,554,344.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,207 shares of company stock worth $2,874,922. 3.30% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of TDY. BlackRock Inc. increased its stake in shares of Teledyne Technologies by 17,074.2% in the first quarter. BlackRock Inc. now owns 3,937,353 shares of the scientific and technical instruments company’s stock valued at $497,917,000 after buying an additional 3,914,427 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Teledyne Technologies by 6.0% in the first quarter. Vanguard Group Inc. now owns 2,671,329 shares of the scientific and technical instruments company’s stock valued at $337,816,000 after buying an additional 151,201 shares in the last quarter. State Street Corp increased its stake in shares of Teledyne Technologies by 4.9% in the first quarter. State Street Corp now owns 1,260,869 shares of the scientific and technical instruments company’s stock valued at $159,450,000 after buying an additional 58,466 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Teledyne Technologies by 3.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,029,047 shares of the scientific and technical instruments company’s stock valued at $130,133,000 after buying an additional 33,322 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Teledyne Technologies by 46.9% in the first quarter. Clearbridge Investments LLC now owns 469,287 shares of the scientific and technical instruments company’s stock valued at $59,346,000 after buying an additional 149,844 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

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.

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