Teledyne Technologies (NYSE:TDY) Research Coverage Started at StockNews.com – MarketBeat
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Stock analysts at StockNews.com assumed coverage on shares of Teledyne Technologies (NYSE:TDY – Get Rating) in a report issued on Wednesday. The brokerage set a “hold” rating on the scientific and technical instruments company’s stock.
Several other brokerages also recently commented on TDY. Morgan Stanley reduced their target price on Teledyne Technologies from $470.00 to $445.00 and set an “underweight” rating for the company in a research note on Tuesday, August 16th. TheStreet upgraded Teledyne Technologies from a “c+” rating to a “b-” rating in a research note on Friday, August 5th. Finally, Needham & Company LLC reduced their target price on Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating for the company in a research note on Thursday, July 28th.
Teledyne Technologies Stock Performance
Shares of Teledyne Technologies stock opened at $333.16 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $374.05 and a two-hundred day moving average price of $398.28. Teledyne Technologies has a 1-year low of $330.97 and a 1-year high of $493.97. The company has a market cap of $15.61 billion, a P/E ratio of 23.38, a PEG ratio of 2.24 and a beta of 1.06.
Teledyne Technologies (NYSE:TDY – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $4.43 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $0.05. Teledyne Technologies had a return on equity of 10.93% and a net margin of 12.67%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted $4.61 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. As a group, analysts anticipate that Teledyne Technologies will post 17.61 EPS for the current year.
Hedge Funds Weigh In On Teledyne Technologies
Several large investors have recently added to or reduced their stakes in TDY. Castle Wealth Management LLC bought a new position in Teledyne Technologies in the 2nd quarter valued at about $26,000. WD Rutherford LLC purchased a new stake in shares of Teledyne Technologies during the 2nd quarter worth approximately $30,000. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Teledyne Technologies during the 1st quarter worth approximately $35,000. Clear Street Markets LLC increased its stake in shares of Teledyne Technologies by 415.8% during the 2nd quarter. Clear Street Markets LLC now owns 98 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 79 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Teledyne Technologies during the 2nd quarter worth approximately $68,000. Institutional investors own 89.77% of the company’s stock.
Teledyne Technologies Company Profile
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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.
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