Teledyne Technologies (TDY) Receives Daily Coverage Optimism Rating of 0.14
Media coverage about Teledyne Technologies (NYSE:TDY) has been trending somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teledyne Technologies earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 46.0250046256208 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Teledyne Technologies (NYSE TDY) opened at 163.07 on Tuesday. The firm has a market capitalization of $5.76 billion, a P/E ratio of 30.06 and a beta of 0.98. Teledyne Technologies has a 12 month low of $101.90 and a 12 month high of $163.07. The stock’s 50 day moving average price is $152.20 and its 200-day moving average price is $136.77.
Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.49. The company had revenue of $671.10 million for the quarter, compared to analysts’ expectations of $636.18 million. Teledyne Technologies had a return on equity of 13.80% and a net margin of 8.44%. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 earnings per share. On average, analysts forecast that Teledyne Technologies will post $5.69 earnings per share for the current year.
Several research firms have commented on TDY. ValuEngine downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Group LLC reiterated a “hold” rating and issued a $150.00 price objective (up from $145.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $157.00 price objective (up from $148.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. BidaskClub upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $157.67.
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In other Teledyne Technologies news, SVP Jason Vanwees sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $147.07, for a total value of $882,420.00. Following the completion of the transaction, the senior vice president now owns 35,159 shares in the company, valued at approximately $5,170,834.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Melanie Susan Cibik sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $146.20, for a total value of $584,800.00. Following the completion of the transaction, the vice president now owns 26,280 shares of the company’s stock, valued at approximately $3,842,136. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,000 shares of company stock worth $2,060,420. Company insiders own 3.30% of the company’s stock.
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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