News coverage about Teledyne Technologies (NYSE:TDY) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teledyne Technologies earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the scientific and technical instruments company an impact score of 46.3223494190185 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. Jefferies Group boosted their price target 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. Finally, Needham & Company LLC boosted their price target 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Teledyne Technologies has a consensus rating of “Hold” and an average price target of $175.33.
Teledyne Technologies (NYSE:TDY) traded up $4.58 on Monday, reaching $193.28. 131,400 shares of the company traded hands, compared to its average volume of 128,056. The company has a market cap of $6,849.17, a PE ratio of 32.87, a P/E/G ratio of 3.63 and a beta of 1.03. Teledyne Technologies has a 1-year low of $119.67 and a 1-year high of $193.62. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.62 by $0.34. The business had revenue of $662.20 million for the quarter, compared to analysts’ expectations of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The firm’s revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. equities research analysts predict that Teledyne Technologies will post 6.7 EPS for the current fiscal year.
In related news, Director Schack Wesley W. Von sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $178.50, for a total value of $357,000.00. Following the sale, the director now directly owns 13,358 shares of the company’s stock, valued at approximately $2,384,403. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sue Main sold 7,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $183.88, for a total transaction of $1,287,160.00. Following the sale, the chief financial officer now directly owns 40,874 shares in the company, valued at $7,515,911.12. The disclosure for this sale can be found here. Insiders sold a total of 25,364 shares of company stock worth $4,643,847 over the last ninety days. 3.30% of the stock is currently owned by insiders.
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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