Teledyne Technologies Incorporated (TDY) Given New $190.00 Price Target at Needham & Company LLC

Teledyne Technologies Incorporated (NYSE:TDY) had its target price boosted by Needham & Company LLC from $157.00 to $190.00 in a report published on Friday. They currently have a buy rating on the scientific and technical instruments company’s stock.

Other equities research analysts also recently issued research reports about the company. BidaskClub raised Teledyne Technologies from a hold rating to a buy rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Teledyne Technologies from a hold rating to a buy rating and set a $166.00 price objective on the stock in a research note on Tuesday, August 8th. ValuEngine upgraded Teledyne Technologies from a hold rating to a buy rating in a research note on Friday, September 8th. Finally, Jefferies Group LLC restated a hold rating and set a $150.00 price objective (up previously from $145.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $175.33.

Teledyne Technologies (NYSE:TDY) traded up $12.54 during mid-day trading on Friday, reaching $182.40. The company’s stock had a trading volume of 214,044 shares, compared to its average volume of 121,709. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 0.97. The stock has a market cap of $6,444.92, a PE ratio of 27.59, a P/E/G ratio of 3.64 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.34. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The firm had revenue of $662.20 million during the quarter, compared to the consensus estimate of $656.20 million. During the same quarter in the previous year, the business earned $1.46 earnings per share. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. equities research analysts anticipate that Teledyne Technologies will post 6.68 EPS for the current year.

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In related news, SVP Jason Vanwees sold 6,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $147.07, for a total value of $882,420.00. Following the transaction, the senior vice president now owns 35,159 shares in the company, valued at $5,170,834.13. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $148.30, for a total value of $593,200.00. Following the completion of the transaction, the director now owns 11,458 shares in the company, valued at approximately $1,699,221.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,000 shares of company stock worth $2,060,420. 3.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ironwood Investment Management LLC raised its stake in Teledyne Technologies by 0.7% during the second quarter. Ironwood Investment Management LLC now owns 2,711 shares of the scientific and technical instruments company’s stock valued at $346,000 after buying an additional 18 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Teledyne Technologies by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 2,651 shares of the scientific and technical instruments company’s stock valued at $338,000 after purchasing an additional 35 shares during the last quarter. World Asset Management Inc grew its holdings in shares of Teledyne Technologies by 2.8% during the second quarter. World Asset Management Inc now owns 2,199 shares of the scientific and technical instruments company’s stock valued at $281,000 after purchasing an additional 59 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Teledyne Technologies by 0.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,677 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after purchasing an additional 84 shares during the last quarter. Finally, First Midwest Bank Trust Division grew its holdings in shares of Teledyne Technologies by 1.9% during the second quarter. First Midwest Bank Trust Division now owns 4,621 shares of the scientific and technical instruments company’s stock valued at $590,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 82.86% of the company’s stock.

About Teledyne Technologies

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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