Teledyne Technologies (TDY) vs. Avnet (NYSE:AVT) Head-To-Head Analysis
Teledyne Technologies (NYSE: TDY) and Avnet (NYSE:AVT) are both mid-cap aerospace companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, profitability, analyst recommendations, valuation, institutional ownership, risk and dividends.
Avnet pays an annual dividend of $0.72 per share and has a dividend yield of 1.9%. Teledyne Technologies does not pay a dividend. Avnet pays out 17.7% of its earnings in the form of a dividend. Teledyne Technologies has increased its dividend for 3 consecutive years.
This table compares Teledyne Technologies and Avnet’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Volatility and Risk
Teledyne Technologies has a beta of 0.98, indicating that its stock price is 2% less volatile than the S&P 500. Comparatively, Avnet has a beta of 1.04, indicating that its stock price is 4% more volatile than the S&P 500.
This is a breakdown of recent ratings and recommmendations for Teledyne Technologies and Avnet, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Teledyne Technologies currently has a consensus target price of $153.50, indicating a potential upside of 6.03%. Avnet has a consensus target price of $41.14, indicating a potential upside of 11.23%. Given Avnet’s higher probable upside, analysts plainly believe Avnet is more favorable than Teledyne Technologies.
Insider and Institutional Ownership
83.7% of Teledyne Technologies shares are owned by institutional investors. Comparatively, 98.7% of Avnet shares are owned by institutional investors. 3.3% of Teledyne Technologies shares are owned by insiders. Comparatively, 1.5% of Avnet shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Valuation & Earnings
This table compares Teledyne Technologies and Avnet’s gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Teledyne Technologies||$2.32 billion||2.20||$420.20 million||$5.44||26.61|
|Avnet||$17.44 billion||0.26||$754.18 million||$4.07||9.09|
Avnet has higher revenue and earnings than Teledyne Technologies. Avnet is trading at a lower price-to-earnings ratio than Teledyne Technologies, indicating that it is currently the more affordable of the two stocks.
Teledyne Technologies beats Avnet on 11 of the 18 factors compared between the two stocks.
Teledyne Technologies Company Profile
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. Digital Imaging segment includes sensors, cameras and systems, within the visible, infrared, ultraviolet and X-ray spectra. Aerospace and Defense Electronics segment provides electronic components and subsystems and communications products, including defense electronics. Engineered Systems segment provides systems engineering and integration and technology development, as well as manufacturing solutions.
Avnet Company Profile
Avnet, Inc. is a distributor of electronic components, enterprise computer, networking and storage products and software, and embedded subsystems. The Company operates through Electronics Marketing (EM) segment. The EM segment markets and sells semiconductors; interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets. The Company creates a link in the technology supply chain that connects electronic component and computer product manufacturers and software developers with a customer base of original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, original design manufacturers (ODMs), systems integrators (SIs), independent software vendors (ISVs) and value-added resellers (VARs). The Company distributes electronic components, computer products and software, as received from its suppliers or through a customized solution, and offers assembly and other services.
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