TD Cowen Increases Teledyne Technologies (NYSE:TDY) Price Target to $500.00

Teledyne Technologies (NYSE:TDY) had its target price lifted by equities researchers at TD Cowen from $450.00 to $500.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the scientific and technical instruments company’s stock. TD Cowen’s price target would indicate a potential upside of 6.57% from the company’s previous close.

A number of other equities analysts also recently issued reports on TDY. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Vertical Research initiated 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 analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $474.50.

Teledyne Technologies Stock Down 0.8 %

NYSE:TDY opened at $469.19 on Thursday. Teledyne Technologies has a one year low of $355.41 and a one year high of $475.73. 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 company has a market cap of $21.95 billion, a PE ratio of 25.51, a P/E/G ratio of 3.11 and a beta of 1.01. The firm’s 50 day simple moving average is $435.99 and its 200 day simple moving average is $410.56.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates 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 was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.05 earnings per share. On average, research analysts anticipate that Teledyne Technologies will post 19.43 earnings per share for the current year.

Institutional Trading of Teledyne Technologies

Several hedge funds have recently modified their holdings of TDY. Wolff Wiese Magana LLC acquired a new stake in Teledyne Technologies in the third quarter worth $27,000. American National Bank bought a new stake in Teledyne Technologies in the 2nd quarter valued at about $28,000. Innealta Capital LLC acquired a new position in Teledyne Technologies during the 2nd quarter worth approximately $28,000. Tortoise Investment Management LLC boosted its holdings in Teledyne Technologies by 48.0% in 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 in the last quarter. Finally, Crewe Advisors LLC grew its stake in Teledyne Technologies by 319.0% in the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 67 shares during the period. Institutional investors own 91.58% of the company’s stock.

About Teledyne Technologies

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.