Teledyne Technologies Incorporated (NYSE:TDY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $605.3750.

A number of brokerages have recently weighed in on TDY. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $585.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Citigroup lifted their target price on shares of Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Barclays reduced their price objective on Teledyne Technologies from $584.00 to $579.00 and set an “equal weight” rating on the stock in a research note on Monday, January 12th. Finally, Stifel Nicolaus lifted their price objective on Teledyne Technologies from $626.00 to $645.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $566.64 on Wednesday. The stock has a market cap of $26.60 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 2.48 and a beta of 1.03. The company has a current ratio of 1.79, a quick ratio of 1.20 and a debt-to-equity ratio of 0.20. Teledyne Technologies has a 1-year low of $419.00 and a 1-year high of $595.99. The stock’s 50-day moving average is $519.03 and its 200 day moving average is $538.33.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $5.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.10. Teledyne Technologies had a return on equity of 9.95% and a net margin of 13.62%.The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $5.10 earnings per share. Teledyne Technologies’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, sell-side analysts anticipate that Teledyne Technologies will post 21.55 EPS for the current fiscal year.

Institutional Trading of Teledyne Technologies

A number of institutional investors have recently made changes to their positions in the stock. Cresset Asset Management LLC lifted its holdings in Teledyne Technologies by 2.5% in the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Teledyne Technologies by 3.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 636 shares of the scientific and technical instruments company’s stock worth $373,000 after buying an additional 20 shares in the last quarter. Fourpath Capital Management LLC raised its position in shares of Teledyne Technologies by 3.0% in the second quarter. Fourpath Capital Management LLC now owns 714 shares of the scientific and technical instruments company’s stock valued at $366,000 after buying an additional 21 shares during the last quarter. Nvest Financial LLC lifted its stake in shares of Teledyne Technologies by 1.3% in the second quarter. Nvest Financial LLC now owns 1,634 shares of the scientific and technical instruments company’s stock worth $837,000 after buying an additional 21 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in Teledyne Technologies by 75.9% during the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Company Profile

Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.

The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.