Teledyne Technologies (NYSE:TDY) PT Raised to $500.00 at TD Cowen

Teledyne Technologies (NYSE:TDY) had its price target raised by TD Cowen from $450.00 to $500.00 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the scientific and technical instruments company’s stock.

A number of other equities analysts have also recently weighed in on the company. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Vertical Research began coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price for the company. Finally, Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $474.50.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $469.19 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The stock has a market capitalization of $22.23 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 3.11 and a beta of 1.01. The firm’s 50 day simple moving average is $435.99 and its 200-day simple moving average is $410.52. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $475.73.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.97 by $0.13. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $5.05 earnings per share. Analysts expect that Teledyne Technologies will post 19.43 EPS for the current year.

Institutional Trading of Teledyne Technologies

A number of institutional investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in Teledyne Technologies by 17.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after acquiring an additional 186,849 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Teledyne Technologies by 235.6% in the second quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock valued at $48,593,000 after purchasing an additional 87,925 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Teledyne Technologies by 44,457.2% in the third quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock valued at $32,372,000 after purchasing an additional 73,799 shares during the last quarter. Maren Capital LLC lifted its position in Teledyne Technologies by 37.2% during the first quarter. Maren Capital LLC now owns 254,245 shares of the scientific and technical instruments company’s stock worth $109,152,000 after buying an additional 68,940 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Teledyne Technologies by 88.4% during the second quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock worth $49,565,000 after buying an additional 59,942 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.