Teledyne Technologies Incorporated (NYSE:TDY) has received a consensus broker rating score of 0.00 () from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation.
Brokers have set a 12 month consensus target price of $113.50 for the company and are predicting that the company will post $1.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Teledyne Technologies an industry rank of 166 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently commented on TDY. Zacks Investment Research raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Wednesday, February 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $120.00 price objective (up previously from $105.00) on shares of Teledyne Technologies in a research note on Thursday, December 15th.
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Shares of Teledyne Technologies (NYSE:TDY) opened at 129.78 on Tuesday. Teledyne Technologies has a 1-year low of $85.29 and a 1-year high of $135.89. The stock has a market cap of $4.57 billion, a P/E ratio of 24.17 and a beta of 0.98. The company’s 50-day moving average is $130.16 and its 200-day moving average is $118.83.
Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.29. The business had revenue of $552.90 million for the quarter, compared to analysts’ expectations of $549.15 million. Teledyne Technologies had a net margin of 8.82% and a return on equity of 13.19%. The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the company earned $1.57 EPS. Equities analysts expect that Teledyne Technologies will post $5.47 EPS for the current fiscal year.
Several large investors have recently modified their holdings of TDY. Virginia Retirement Systems ET AL boosted its stake in shares of Teledyne Technologies by 46.3% in the third quarter. Virginia Retirement Systems ET AL now owns 109,900 shares of the company’s stock worth $11,862,000 after buying an additional 34,800 shares during the last quarter. World Asset Management Inc purchased a new stake in shares of Teledyne Technologies during the third quarter worth approximately $239,000. Great West Life Assurance Co. Can boosted its stake in shares of Teledyne Technologies by 2.2% in the third quarter. Great West Life Assurance Co. Can now owns 20,300 shares of the company’s stock worth $2,190,000 after buying an additional 430 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Teledyne Technologies by 1.6% in the third quarter. GHP Investment Advisors Inc. now owns 12,345 shares of the company’s stock worth $1,332,000 after buying an additional 190 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP boosted its stake in shares of Teledyne Technologies by 2.9% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 62,165 shares of the company’s stock worth $6,709,000 after buying an additional 1,750 shares during the last quarter. 86.15% of the stock is currently owned by institutional investors and hedge funds.
Teledyne Technologies Company Profile
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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