Teledyne Technologies Incorporated (NYSE:TDY – Get Free Report)’s stock price rose 3.6% during trading on Monday . The stock traded as high as $398.94 and last traded at $397.05. Approximately 32,709 shares changed hands during trading, a decline of 86% from the average daily volume of 231,221 shares. The stock had previously closed at $383.39.
Analyst Upgrades and Downgrades
TDY has been the subject of several analyst reports. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 26th. Needham & Company LLC lowered their price target on shares of Teledyne Technologies from $470.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, July 27th. Bank of America lifted their price target on shares of Teledyne Technologies from $533.00 to $565.00 in a research report on Thursday, May 25th. The Goldman Sachs Group upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $423.00 to $495.00 in a research report on Monday. Finally, Credit Suisse Group lowered their price target on shares of Teledyne Technologies from $503.00 to $499.00 in a research report on Friday, April 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $500.40.
Get Our Latest Stock Report on Teledyne Technologies
Teledyne Technologies Stock Performance
Teledyne Technologies (NYSE:TDY – Get Free Report) last announced its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.63 by $0.04. Teledyne Technologies had a net margin of 13.75% and a return on equity of 10.90%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm posted $4.43 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts forecast that Teledyne Technologies Incorporated will post 19.11 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Kistler Tiffany Companies LLC bought a new position in Teledyne Technologies in the second quarter valued at approximately $25,000. Benjamin Edwards Inc. lifted its position in shares of Teledyne Technologies by 137.9% in the second quarter. Benjamin Edwards Inc. now owns 69 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 40 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of Teledyne Technologies by 236.4% in the first quarter. TCI Wealth Advisors Inc. now owns 74 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Teledyne Technologies in the fourth quarter worth $30,000. Finally, Belpointe Asset Management LLC bought a new stake in shares of Teledyne Technologies in the fourth quarter worth $36,000. Institutional investors own 93.31% 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, Canada, the United Kingdom, France, 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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