Teledyne Technologies Incorporated (NYSE:TDY) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other brokerages have also commented on TDY. Jefferies Group LLC reissued a “hold” rating and set a $140.00 price target on shares of Teledyne Technologies in a research note on Tuesday, June 6th. Needham & Company LLC upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a report on Wednesday, July 5th. BidaskClub raised Teledyne Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Zacks Investment Research raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Thursday, June 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Teledyne Technologies currently has a consensus rating of “Buy” and an average price target of $157.67.

Teledyne Technologies (NYSE TDY) opened at 163.04 on Monday. Teledyne Technologies has a 12 month low of $101.90 and a 12 month high of $163.29. The company has a market capitalization of $5.76 billion, a PE ratio of 30.06 and a beta of 0.98. The firm’s 50-day moving average is $152.65 and its 200-day moving average is $137.00.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.49. The firm had revenue of $671.10 million during the quarter, compared to analyst estimates of $636.18 million. Teledyne Technologies had a return on equity of 13.80% and a net margin of 8.44%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 earnings per share. Equities analysts anticipate that Teledyne Technologies will post $5.69 EPS for the current fiscal year.

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In other Teledyne Technologies news, Director Roxanne S. Austin sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $148.30, for a total transaction of $593,200.00. Following the sale, the director now directly owns 11,458 shares in the company, valued at $1,699,221.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jason Vanwees sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $147.07, for a total value of $882,420.00. Following the sale, the senior vice president now owns 35,159 shares in the company, valued at $5,170,834.13. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock valued at $2,060,420 over the last three months. Corporate insiders own 3.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in TDY. Ironwood Investment Management LLC boosted its holdings in shares of Teledyne Technologies by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 2,711 shares of the scientific and technical instruments company’s stock worth $346,000 after purchasing an additional 18 shares during the period. Envestnet Asset Management Inc. raised its holdings in Teledyne Technologies by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,188 shares of the scientific and technical instruments company’s stock valued at $149,000 after buying an additional 29 shares during the period. Teacher Retirement System of Texas raised its holdings in Teledyne Technologies by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,651 shares of the scientific and technical instruments company’s stock valued at $338,000 after buying an additional 35 shares during the period. World Asset Management Inc raised its holdings in Teledyne Technologies by 2.8% during the 2nd quarter. World Asset Management Inc now owns 2,199 shares of the scientific and technical instruments company’s stock valued at $281,000 after buying an additional 59 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in Teledyne Technologies by 0.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,677 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 82.85% of the company’s stock.

Teledyne Technologies Company Profile

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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