Teledyne Technologies Incorporated (NYSE:TDY) has been assigned an average broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company. Teledyne Technologies’ rating score has declined by 25% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 1-year consensus price objective of $187.50 for the company and are anticipating that the company will post $1.74 earnings per share for the current quarter, according to Zacks. Zacks has also given Teledyne Technologies an industry rank of 81 out of 265 based on the ratings given to related companies.

TDY has been the subject of several recent research reports. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Jefferies Group lifted their target price on shares of Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, November 3rd.

Teledyne Technologies (TDY) traded up $1.31 during trading hours on Friday, hitting $191.93. 211,696 shares of the stock traded hands, compared to its average volume of 129,444. 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 $6,755.26, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 3.58 and a beta of 1.03. Teledyne Technologies has a 52-week low of $119.69 and a 52-week high of $196.71.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.34. The firm had revenue of $662.20 million during the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $1.46 EPS. equities research analysts forecast that Teledyne Technologies will post 6.7 EPS for the current year.

In related news, VP Cynthia Y. Belak sold 1,700 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $185.44, for a total value of $315,248.00. Following the completion of the sale, the vice president now owns 6,903 shares of the company’s stock, valued at approximately $1,280,092.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Schack Wesley W. Von sold 1,206 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $182.73, for a total transaction of $220,372.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,364 shares of company stock valued at $4,643,847. Insiders own 3.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in Teledyne Technologies in the 4th quarter worth $380,000. Charter Trust Co. purchased a new stake in Teledyne Technologies in the 4th quarter worth $454,000. Schwab Charles Investment Management Inc. increased its holdings in Teledyne Technologies by 5.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 223,964 shares of the scientific and technical instruments company’s stock worth $40,572,000 after acquiring an additional 11,402 shares in the last quarter. TT International increased its holdings in Teledyne Technologies by 73.2% in the 3rd quarter. TT International now owns 30,320 shares of the scientific and technical instruments company’s stock worth $4,826,000 after acquiring an additional 12,816 shares in the last quarter. Finally, Sterling Capital Management LLC purchased a new stake in Teledyne Technologies in the 3rd quarter worth $292,000. 84.07% of the stock is owned by institutional investors.

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About Teledyne Technologies

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.

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