Teledyne Technologies Incorporated (NYSE:TDY) PT Raised to $170.00 at Jefferies Group LLC

Teledyne Technologies Incorporated (NYSE:TDY) had its price objective upped by Jefferies Group LLC from $150.00 to $170.00 in a research report sent to investors on Friday, November 3rd. The firm currently has a hold rating on the scientific and technical instruments company’s stock.

Other equities research analysts have also issued reports about the stock. ValuEngine raised shares of Teledyne Technologies from a hold rating to a buy rating in a report on Friday, September 8th. Needham & Company LLC reaffirmed a buy rating and set a $157.00 price objective (up from $148.00) on shares of Teledyne Technologies in a report on Wednesday, August 9th. BidaskClub raised shares of Teledyne Technologies from a hold rating to a buy rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Teledyne Technologies from a hold rating to a buy rating and set a $166.00 target price for the company in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have given 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 (NYSE:TDY) opened at $178.94 on Friday. Teledyne Technologies has a one year low of $117.06 and a one year high of $185.66. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98. The stock has a market cap of $6,363.69, a PE ratio of 27.17, a price-to-earnings-growth ratio of 3.57 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.34. The firm had revenue of $662.20 million for the quarter, compared to analysts’ expectations of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 EPS. equities research analysts forecast that Teledyne Technologies will post 6.7 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://weekherald.com/2017/11/15/jefferies-group-llc-boosts-teledyne-technologies-incorporated-tdy-price-target-to-170-00.html.

In related news, Director Schack Wesley W. Von sold 1,206 shares of Teledyne Technologies stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $182.73, for a total value of $220,372.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Vanwees sold 4,500 shares of Teledyne Technologies stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $182.83, for a total value of $822,735.00. Following the completion of the sale, the senior vice president now owns 33,659 shares of the company’s stock, valued at $6,153,874.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,706 shares of company stock valued at $2,923,467. 3.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TDY. OppenheimerFunds Inc. grew its stake in Teledyne Technologies by 25.3% in the first quarter. OppenheimerFunds Inc. now owns 4,695 shares of the scientific and technical instruments company’s stock valued at $594,000 after purchasing an additional 947 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Teledyne Technologies by 6.2% during the first quarter. Teachers Advisors LLC now owns 59,732 shares of the scientific and technical instruments company’s stock worth $7,554,000 after acquiring an additional 3,464 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Teledyne Technologies by 10.3% during the first quarter. Thrivent Financial For Lutherans now owns 6,630 shares of the scientific and technical instruments company’s stock worth $838,000 after acquiring an additional 620 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Teledyne Technologies by 0.9% during the first quarter. Bank of America Corp DE now owns 181,686 shares of the scientific and technical instruments company’s stock worth $22,976,000 after acquiring an additional 1,676 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Teledyne Technologies by 146.3% during the first quarter. AQR Capital Management LLC now owns 78,970 shares of the scientific and technical instruments company’s stock worth $9,986,000 after acquiring an additional 46,910 shares during the last quarter. Institutional investors own 83.39% of the company’s stock.

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.

Receive News & Ratings for Teledyne Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply