Teledyne Technologies Incorporated (TDY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have received a consensus broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a buy rating to the company.

Analysts have set a 12 month consensus price target of $190.50 for the company and are expecting that the company will post $1.55 EPS for the current quarter, according to Zacks. Zacks has also assigned Teledyne Technologies an industry rank of 118 out of 265 based on the ratings given to its competitors.

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TDY has been the topic of several recent research reports. Zacks Investment Research cut Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday. Needham & Company LLC upped their price objective on Teledyne Technologies to $205.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.

In other news, Director Charles Crocker sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $183.00, for a total transaction of $732,000.00. Following the sale, the director now directly owns 47,488 shares of the company’s stock, valued at approximately $8,690,304. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Vanwees sold 3,500 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $195.42, for a total value of $683,970.00. Following the sale, the senior vice president now owns 34,085 shares in the company, valued at approximately $6,660,890.70. The disclosure for this sale can be found here. Insiders have sold a total of 67,078 shares of company stock worth $12,858,091 over the last ninety days. Insiders own 3.73% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TDY. Kohmann Bosshard Financial Services LLC purchased a new stake in Teledyne Technologies during the 4th quarter valued at $101,000. Advisor Group Inc. raised its holdings in Teledyne Technologies by 41.6% during the 4th quarter. Advisor Group Inc. now owns 1,075 shares of the scientific and technical instruments company’s stock valued at $195,000 after buying an additional 316 shares during the period. BB&T Securities LLC purchased a new stake in Teledyne Technologies during the 4th quarter valued at $206,000. Kovack Advisors Inc. purchased a new stake in Teledyne Technologies during the 4th quarter valued at $213,000. Finally, Zions Bancorporation purchased a new stake in Teledyne Technologies during the 3rd quarter valued at $220,000. Institutional investors own 85.03% of the company’s stock.

NYSE TDY traded up $0.57 during trading hours on Monday, reaching $186.14. The company’s stock had a trading volume of 130,916 shares, compared to its average volume of 166,099. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. Teledyne Technologies has a 1 year low of $121.58 and a 1 year high of $201.40. The stock has a market cap of $6,624.20, a PE ratio of 26.85, a P/E/G ratio of 3.28 and a beta of 0.99.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.21. The company had revenue of $704.40 million for the quarter, compared to analysts’ expectations of $669.25 million. Teledyne Technologies had a return on equity of 14.07% and a net margin of 8.73%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. analysts forecast that Teledyne Technologies will post 7.55 EPS for the current fiscal year.

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Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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