Teledyne Technologies Incorporated (NYSE:TDY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Teledyne Technologies Incorporated (NYSE:TDY) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $471.17.

A number of brokerages have commented on TDY. Needham & Company LLC upped their price target on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Vertical Research began coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. Finally, StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th.

Hedge Funds Weigh In On Teledyne Technologies

A number of institutional investors have recently modified their holdings of TDY. Tortoise Investment Management LLC increased its stake in shares of Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 24 shares in the last quarter. Weik Capital Management boosted its holdings in Teledyne Technologies by 0.5% in the 4th quarter. Weik Capital Management now owns 5,390 shares of the scientific and technical instruments company’s stock worth $2,406,000 after buying an additional 25 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in Teledyne Technologies by 3.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company’s stock worth $279,000 after buying an additional 27 shares during the last quarter. Linscomb Wealth Inc. boosted its holdings in Teledyne Technologies by 4.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company’s stock worth $270,000 after buying an additional 29 shares during the last quarter. Finally, MJP Associates Inc. ADV boosted its holdings in Teledyne Technologies by 5.6% in the 2nd quarter. MJP Associates Inc. ADV now owns 604 shares of the scientific and technical instruments company’s stock worth $234,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 1.0 %

NYSE TDY opened at $432.13 on Friday. Teledyne Technologies has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a 50 day simple moving average of $417.58 and a two-hundred day simple moving average of $406.35. The stock has a market cap of $20.47 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.67 EPS. On average, analysts forecast that Teledyne Technologies will post 19.43 earnings per share for the current year.

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.