Teledyne Technologies Incorporated (NYSE:TDY) Receives $538.00 Average PT from Analysts

Teledyne Technologies Incorporated (NYSE:TDY - Get Free Report) has been assigned a consensus recommendation of "Buy" from the five ratings firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $538.00.

A number of brokerages recently issued reports on TDY. UBS Group began coverage on Teledyne Technologies in a report on Tuesday, December 10th. They set a "buy" rating and a $585.00 price target on the stock. Bank of America upgraded Teledyne Technologies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th.

Insider Buying and Selling at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 5,768 shares of Teledyne Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the transaction, the chairman now owns 144,553 shares in the company, valued at approximately $74,910,255.66. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Melanie Susan Cibik sold 2,538 shares of Teledyne Technologies stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $513.02, for a total value of $1,302,044.76. Following the completion of the transaction, the executive vice president now owns 32,100 shares of the company's stock, valued at approximately $16,467,942. This represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,190 shares of company stock valued at $16,386,864 over the last ninety days. 1.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Teledyne Technologies

A number of large investors have recently bought and sold shares of the business. Creative Planning increased its position in shares of Teledyne Technologies by 13.3% during the third quarter. Creative Planning now owns 4,184 shares of the scientific and technical instruments company's stock worth $1,831,000 after purchasing an additional 492 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Teledyne Technologies by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 876 shares of the scientific and technical instruments company's stock worth $383,000 after purchasing an additional 38 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Teledyne Technologies by 44,457.2% during the third quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company's stock worth $32,372,000 after purchasing an additional 73,799 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC acquired a new position in shares of Teledyne Technologies during the third quarter worth $205,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Teledyne Technologies by 37.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,114 shares of the scientific and technical instruments company's stock valued at $1,357,000 after acquiring an additional 850 shares during the period. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Trading Up 0.1 %

NYSE TDY opened at $501.07 on Friday. Teledyne Technologies has a 1-year low of $355.41 and a 1-year high of $522.50. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average of $486.23 and a 200-day moving average of $462.87. The firm has a market cap of $23.47 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $5.44 EPS. Teledyne Technologies's revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Teledyne Technologies will post 21.55 EPS 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.