Analysts Set Teledyne Technologies Incorporated (NYSE:TDY) Price Target at $471.17

Teledyne Technologies Incorporated (NYSE:TDY) has been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $466.40.

A number of brokerages recently issued reports on TDY. Vertical Research initiated coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price on the stock. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDY. Vanguard Group Inc. grew its holdings in shares of Teledyne Technologies by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company’s stock valued at $2,375,905,000 after acquiring an additional 16,189 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Teledyne Technologies by 3.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock valued at $676,041,000 after purchasing an additional 48,397 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Teledyne Technologies by 17.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock worth $480,355,000 after purchasing an additional 186,849 shares during the period. Northern Trust Corp boosted its holdings in shares of Teledyne Technologies by 1.9% in the 4th quarter. Northern Trust Corp now owns 519,334 shares of the scientific and technical instruments company’s stock worth $231,774,000 after buying an additional 9,455 shares during the last quarter. Finally, Earnest Partners LLC grew its position in Teledyne Technologies by 3.5% during the second quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock valued at $154,665,000 after buying an additional 13,576 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Up 0.6 %

Shares of TDY stock opened at $436.11 on Friday. Teledyne Technologies has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a 50 day simple moving average of $420.34 and a two-hundred day simple moving average of $406.71. The company has a market cap of $20.66 billion, a P/E ratio of 23.59, a PEG ratio of 3.03 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) 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 net margin of 15.86% and a return on equity of 10.27%. Teledyne Technologies’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.67 EPS. Research analysts forecast that Teledyne Technologies will post 19.43 earnings per share for the current year.

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.