Media stories about Teledyne Technologies (NYSE:TDY) have been trending somewhat positive on Thursday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Teledyne Technologies earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 46.0448657247521 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
TDY has been the subject of several research analyst reports. Jefferies Group increased their price objective on Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Needham & Company LLC increased their price objective on Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a report on Friday, November 3rd. ValuEngine downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Teledyne Technologies presently has a consensus rating of “Hold” and an average target price of $175.33.
Teledyne Technologies (TDY) traded up $1.20 during trading on Thursday, hitting $188.70. The stock had a trading volume of 222,075 shares, compared to its average volume of 127,647. The stock has a market capitalization of $6,650.00, a PE ratio of 32.31, a PEG ratio of 3.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. Teledyne Technologies has a twelve month low of $119.67 and a twelve month high of $189.87.
In other Teledyne Technologies news, SVP Jason Vanwees sold 4,500 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $182.83, for a total value of $822,735.00. Following the completion of the transaction, the senior vice president now owns 33,659 shares in the company, valued at $6,153,874.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Cynthia Y. Belak sold 4,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $185.19, for a total value of $740,760.00. Following the completion of the transaction, the vice president now owns 6,903 shares of the company’s stock, valued at approximately $1,278,366.57. The disclosure for this sale can be found here. Insiders sold 25,364 shares of company stock valued at $4,643,847 in the last quarter. 3.30% of the stock is currently owned by company insiders.
Teledyne Technologies Company Profile
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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