Teledyne Technologies (NYSE:TDY) Price Target Raised to $482.00

Teledyne Technologies (NYSE:TDY) had its target price increased by Needham & Company LLC from $455.00 to $482.00 in a research note released on Thursday morning, Benzinga reports. They currently have a buy rating on the scientific and technical instruments company’s stock.

A number of other research firms also recently weighed in on TDY. Vertical Research assumed 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. TD Cowen cut their price objective on Teledyne Technologies from $475.00 to $450.00 and set a buy rating for the company in a research report on Thursday, April 25th. Bank of America downgraded Teledyne Technologies from a buy rating to a neutral rating and cut their price objective for the company from $490.00 to $400.00 in a research report on Friday, April 26th. Finally, StockNews.com upgraded Teledyne Technologies from a hold rating to a buy rating in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $474.57.

Teledyne Technologies Trading Up 1.4 %

Shares of TDY opened at $421.56 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average price is $394.20 and its 200 day moving average price is $408.95. The firm has a market capitalization of $19.97 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.97 and a beta of 1.00. Teledyne Technologies has a 12-month low of $355.41 and a 12-month high of $448.19.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.67 earnings per share. As a group, research analysts predict that Teledyne Technologies will post 19.34 earnings per share for the current year.

Institutional Investors Weigh In On Teledyne Technologies

Several institutional investors have recently modified their holdings of TDY. Wellington Management Group LLP increased its holdings in Teledyne Technologies by 60.1% in the third quarter. Wellington Management Group LLP now owns 5,565 shares of the scientific and technical instruments company’s stock valued at $2,274,000 after purchasing an additional 2,088 shares during the last quarter. Raymond James Trust N.A. acquired a new position in Teledyne Technologies during the fourth quarter valued at approximately $202,000. Mutual Advisors LLC increased its stake in Teledyne Technologies by 6.5% in the fourth quarter. Mutual Advisors LLC now owns 782 shares of the scientific and technical instruments company’s stock valued at $349,000 after purchasing an additional 48 shares in the last quarter. CVA Family Office LLC acquired a new stake in Teledyne Technologies in the fourth quarter worth $31,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Teledyne Technologies by 14.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,006 shares of the scientific and technical instruments company’s stock worth $1,342,000 after purchasing an additional 386 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

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.