Teledyne Technologies Incorporated (NYSE:TDY) Given Consensus Recommendation of "Buy" by Analysts

Teledyne Technologies Incorporated (NYSE:TDY - Get Free Report) has been given a consensus rating of "Buy" by the five ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $548.00.

Several brokerages have issued reports on TDY. Bank of America upped their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Needham & Company LLC restated a "buy" rating and set a $585.00 price objective on shares of Teledyne Technologies in a research note on Wednesday, February 5th.

Teledyne Technologies Price Performance

Shares of NYSE:TDY traded up $1.41 during trading on Monday, reaching $462.30. The stock had a trading volume of 224,118 shares, compared to its average volume of 259,245. Teledyne Technologies has a 1-year low of $355.41 and a 1-year high of $522.50. The stock has a market cap of $21.65 billion, a PE ratio of 26.83, a PEG ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The business has a fifty day moving average price of $486.27 and a 200-day moving average price of $478.03.

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

Insider Activity

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the sale, the vice president now directly owns 4,962 shares in the company, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO George C. Bobb III sold 6,308 shares of Teledyne Technologies stock in a transaction on Friday, January 24th. The shares were sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the completion of the sale, the chief operating officer now directly owns 10,482 shares of the company's stock, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,571 shares of company stock worth $17,709,721. Insiders own 1.50% of the company's stock.

Institutional Trading of Teledyne Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in Teledyne Technologies during the fourth quarter valued at approximately $28,000. NBC Securities Inc. bought a new stake in Teledyne Technologies during the first quarter worth about $28,000. Hurley Capital LLC purchased a new position in shares of Teledyne Technologies in the 4th quarter worth about $33,000. Ancora Advisors LLC raised its holdings in shares of Teledyne Technologies by 192.3% during the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after buying an additional 50 shares in the last quarter. Finally, City Holding Co. purchased a new position in shares of Teledyne Technologies during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors 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.