Shares of Teledyne Technologies Inc. (NYSE:TDY) have earned a consensus broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four research analysts have rated the stock with a hold rating. Teledyne Technologies’ rating score has declined by 7.1% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price target of $106.00 for the company and are expecting that the company will post $1.30 EPS for the current quarter, according to Zacks. Zacks has also given Teledyne Technologies an industry rank of 54 out of 265 based on the ratings given to its competitors.
A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Jefferies Group raised their target price on shares of Teledyne Technologies from $90.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, August 5th. Finally, CL King downgraded shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and set a $107.00 target price on the stock. in a research report on Wednesday, July 6th.
In related news, Director Roxanne S. Austin sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $105.55, for a total value of $422,200.00. Following the completion of the sale, the director now directly owns 10,639 shares in the company, valued at approximately $1,122,946.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sue Main sold 6,660 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $106.52, for a total transaction of $709,423.20. Following the completion of the sale, the chief financial officer now owns 32,179 shares of the company’s stock, valued at $3,427,707.08. The disclosure for this sale can be found here. 3.93% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of Teledyne Technologies by 0.4% in the second quarter. US Bancorp DE now owns 3,680 shares of the company’s stock valued at $365,000 after buying an additional 13 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Teledyne Technologies by 2.4% in the second quarter. Hsbc Holdings PLC now owns 2,745 shares of the company’s stock valued at $271,000 after buying an additional 64 shares during the last quarter. Scout Investments Inc. boosted its stake in shares of Teledyne Technologies by 0.3% in the second quarter. Scout Investments Inc. now owns 37,725 shares of the company’s stock valued at $3,737,000 after buying an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Teledyne Technologies by 8.5% in the second quarter. Public Employees Retirement System of Ohio now owns 1,932 shares of the company’s stock valued at $191,000 after buying an additional 151 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Teledyne Technologies by 1.9% in the second quarter. Ameritas Investment Partners Inc. now owns 8,182 shares of the company’s stock valued at $810,000 after buying an additional 154 shares during the last quarter. Institutional investors own 87.85% of the company’s stock.
Teledyne Technologies (NYSE:TDY) opened at 107.93 on Tuesday. Teledyne Technologies has a 12 month low of $73.66 and a 12 month high of $110.61. The company has a market cap of $3.74 billion, a P/E ratio of 20.28 and a beta of 0.99. The company’s 50-day moving average is $107.20 and its 200-day moving average is $98.97.
Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, August 4th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.08. The business had revenue of $534.90 million for the quarter, compared to the consensus estimate of $546.57 million. Teledyne Technologies had a net margin of 8.46% and a return on equity of 13.03%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. On average, equities research analysts expect that Teledyne Technologies will post $5.16 EPS for the current fiscal year.
About Teledyne Technologies
Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to a range of markets, which include deepwater oil and gas exploration and production, oceanographic research, and air and water quality environmental monitoring. Its products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, and electronic test and measurement equipment.
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