Teledyne Technologies (NYSE:TDY) Price Target Raised to $500.00

Teledyne Technologies (NYSE:TDY - Free Report) had its target price increased by TD Cowen from $450.00 to $500.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the scientific and technical instruments company's stock.

A number of other analysts have also issued reports on the stock. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Vertical Research started coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $470.00 price objective on the stock. Finally, Needham & Company LLC upped their target price on Teledyne Technologies from $482.00 to $528.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $474.50.

Teledyne Technologies Price Performance

NYSE:TDY traded up $2.77 during trading hours on Thursday, reaching $472.86. 318,934 shares of the company traded hands, compared to its average volume of 240,989. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The firm's 50-day moving average is $434.94 and its 200-day moving average is $410.18. The stock has a market cap of $22.12 billion, a P/E ratio of 25.71, a P/E/G ratio of 3.11 and a beta of 1.01. Teledyne Technologies has a 1-year low of $355.41 and a 1-year high of $474.14.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data 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. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the company earned $4.67 earnings per share. The business's revenue for the quarter was down 3.8% compared to the same quarter last year. Equities research analysts expect that Teledyne Technologies will post 19.43 earnings per share for the current fiscal year.

Institutional Trading of Teledyne Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of TDY. Orion Portfolio Solutions LLC grew its position in Teledyne Technologies by 46.2% in the first quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company's stock valued at $1,786,000 after acquiring an additional 1,315 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Teledyne Technologies by 11.2% during the 1st quarter. Clearbridge Investments LLC now owns 267,036 shares of the scientific and technical instruments company's stock valued at $114,644,000 after purchasing an additional 26,793 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Teledyne Technologies by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 48,288 shares of the scientific and technical instruments company's stock worth $21,602,000 after buying an additional 1,665 shares during the period. SG Americas Securities LLC increased its stake in Teledyne Technologies by 49.8% during the 1st quarter. SG Americas Securities LLC now owns 13,349 shares of the scientific and technical instruments company's stock worth $5,731,000 after buying an additional 4,440 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Teledyne Technologies by 38.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,781 shares of the scientific and technical instruments company's stock worth $5,487,000 after buying an additional 3,532 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

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.