Teledyne Technologies (NYSE:TDY) PT Raised to $500.00 at TD Cowen

Teledyne Technologies (NYSE:TDY) had its target price upped by analysts at TD Cowen from $450.00 to $500.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the scientific and technical instruments company’s stock. TD Cowen’s price objective points to a potential upside of 6.28% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Vertical Research began coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective for the company. Finally, Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $474.50.

Teledyne Technologies Stock Performance

Shares of NYSE:TDY traded up $0.36 during trading on Thursday, reaching $470.45. The company had a trading volume of 94,120 shares, compared to its average volume of 239,872. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The stock’s fifty day moving average price is $433.75 and its 200 day moving average price is $409.74. Teledyne Technologies has a fifty-two week low of $355.41 and a fifty-two week high of $473.55. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 3.11 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.09. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.67 earnings per share. As a group, equities research analysts predict that Teledyne Technologies will post 19.43 EPS for the current year.

Institutional Investors Weigh In On Teledyne Technologies

Large investors have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC grew its holdings in Teledyne Technologies by 46.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company’s stock valued at $1,786,000 after buying an additional 1,315 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Teledyne Technologies by 11.2% during the 1st quarter. Clearbridge Investments LLC now owns 267,036 shares of the scientific and technical instruments company’s stock valued at $114,644,000 after buying an additional 26,793 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Teledyne Technologies by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 48,288 shares of the scientific and technical instruments company’s stock worth $21,602,000 after purchasing an additional 1,665 shares during the period. SG Americas Securities LLC lifted its stake in shares of Teledyne Technologies by 49.8% during the 1st quarter. SG Americas Securities LLC now owns 13,349 shares of the scientific and technical instruments company’s stock worth $5,731,000 after purchasing an additional 4,440 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Teledyne Technologies by 38.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,781 shares of the scientific and technical instruments company’s stock worth $5,487,000 after purchasing an additional 3,532 shares during the period. 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.