Needham & Company LLC Boosts Teledyne Technologies (NYSE:TDY) Price Target to $528.00

Teledyne Technologies (NYSE:TDY) had its price target upped by Needham & Company LLC from $482.00 to $528.00 in a research note released on Thursday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the scientific and technical instruments company’s stock.

Other research analysts have also issued research reports about the company. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Vertical Research started coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $474.50.

Teledyne Technologies Trading Down 0.8 %

NYSE:TDY opened at $469.19 on Thursday. 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 company has a market capitalization of $22.23 billion, a P/E ratio of 25.38, a P/E/G ratio of 3.11 and a beta of 1.01. The stock’s 50 day moving average price is $435.99 and its 200 day moving average price is $410.52. Teledyne Technologies has a 52 week low of $355.41 and a 52 week high of $475.73.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. Teledyne Technologies’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $5.05 EPS. On average, research analysts forecast that Teledyne Technologies will post 19.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TDY. Tortoise Investment Management LLC increased its position in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 24 shares during the period. Bleakley Financial Group LLC increased its holdings in shares of Teledyne Technologies by 4.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $298,000 after purchasing an additional 26 shares during the period. Summit Trail Advisors LLC raised its position in shares of Teledyne Technologies by 3.9% during the second quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $279,000 after buying an additional 27 shares during the last quarter. Linscomb Wealth Inc. lifted its stake in shares of Teledyne Technologies by 4.4% in the second quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company’s stock valued at $270,000 after buying an additional 29 shares during the period. Finally, MJP Associates Inc. ADV grew its position in Teledyne Technologies by 5.6% during the second quarter. MJP Associates Inc. ADV now owns 604 shares of the scientific and technical instruments company’s stock worth $234,000 after buying an additional 32 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.