Teledyne Technologies Incorporated (NYSE:TDY) Receives $548.00 Consensus Price Target from Brokerages

Teledyne Technologies Incorporated (NYSE:TDY) has been assigned a consensus rating of “Buy” from the five analysts that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is $548.00.

A number of research firms have recently weighed in on TDY. Needham & Company LLC reissued a “buy” rating and issued a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Bank of America increased their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Finally, UBS Group started coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective for the company.

Insiders Place Their Bets

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the completion of the sale, the vice president now directly owns 4,962 shares in the company, valued at $2,522,383.08. This represents a 53.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the transaction, the insider now owns 51,324 shares in the company, valued at approximately $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,571 shares of company stock valued at $17,709,721 over the last quarter. Company insiders own 2.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Teledyne Technologies in the fourth quarter worth $28,000. Brooklyn Investment Group acquired a new position in shares of Teledyne Technologies during the 3rd quarter valued at $32,000. Hurley Capital LLC purchased a new stake in Teledyne Technologies during the 4th quarter worth $33,000. Ancora Advisors LLC raised its position in Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 50 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Teledyne Technologies during the third quarter worth about $39,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $507.63 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. Teledyne Technologies has a fifty-two week low of $355.41 and a fifty-two week high of $522.50. The stock has a fifty day moving average of $498.18 and a two-hundred day moving average of $472.92. The company has a market capitalization of $23.78 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $5.44 EPS. On average, analysts anticipate that Teledyne Technologies will post 21.55 EPS for the current fiscal year.

About Teledyne Technologies

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.