The stock of Teledyne Technologies Incorporated (NYSE:TDY) hit a new 52-week high and has $135.26 target or 9.00% above today’s $124.09 share price. The 5 months bullish chart indicates low risk for the $4.41 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $135.26 price target is reached, the company will be worth $396.90M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 51,125 shares traded hands. Teledyne Technologies Incorporated (NYSE:TDY) has risen 35.59% since April 21, 2016 and is uptrending. It has outperformed by 30.26% the S&P500.
Analysts await Teledyne Technologies Incorporated (NYSE:TDY) to report earnings on February, 2. They expect $1.37 EPS, down 2.84% or $0.04 from last year’s $1.41 per share. TDY’s profit will be $48.69M for 22.64 P/E if the $1.37 EPS becomes a reality. After $1.52 actual EPS reported by Teledyne Technologies Incorporated for the previous quarter, Wall Street now forecasts -9.87% negative EPS growth.
Teledyne Technologies Incorporated (NYSE:TDY) Ratings Coverage
Out of 2 analysts covering Teledyne Tech (NYSE:TDY), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Teledyne Tech has been the topic of 2 analyst reports since October 6, 2015 according to StockzIntelligence Inc. As per Wednesday, July 6, the company rating was downgraded by CL King. The stock of Teledyne Technologies Incorporated (NYSE:TDY) has “Hold” rating given on Tuesday, October 6 by Needham.
According to Zacks Investment Research, “Teledyne Technologies Inc. is a leading provider of sophisticated electronic and communication products, systems engineering solutions and information technology services, and aerospace engines and components. The company customers include aerospace prime contractors, general aviation companies, government agencies and major communications and other commercial companies.”
Insitutional Activity: The institutional sentiment increased to 1.34 in 2016 Q2. Its up 0.11, from 1.23 in 2016Q1. The ratio improved, as 14 funds sold all Teledyne Technologies Incorporated shares owned while 59 reduced positions. 17 funds bought stakes while 73 increased positions. They now own 30.12 million shares or 5.16% less from 31.76 million shares in 2016Q1.
Moreover, Manufacturers Life Insur The has 0.01% invested in Teledyne Technologies Incorporated (NYSE:TDY) for 68,370 shares. Royal Bancorp Of Canada last reported 0.02% of its portfolio in the stock. First Lp holds 25,852 shares or 0.01% of its portfolio. California Employees Retirement System, a California-based fund reported 92,600 shares. Moreover, Automobile Association has 0% invested in Teledyne Technologies Incorporated (NYSE:TDY) for 5,350 shares. Moreover, Springbok has 0% invested in Teledyne Technologies Incorporated (NYSE:TDY) for 106 shares. Capwealth Advsr Limited holds 0.01% or 250 shares in its portfolio. Moreover, Ci Global has 4% invested in Teledyne Technologies Incorporated (NYSE:TDY) for 1.48M shares. Bb&T accumulated 6,297 shares or 0.01% of the stock. Ls Invest Advsrs Lc has invested 0.01% of its portfolio in Teledyne Technologies Incorporated (NYSE:TDY). Alliancebernstein Ltd Partnership last reported 0.01% of its portfolio in the stock. Barclays Pcl reported 18,611 shares or 0% of all its holdings. Hirtle Callaghan Ltd Liability Corporation holds 56,693 shares or 1.04% of its portfolio. New York State Common Retirement Fund, a New York-based fund reported 276,115 shares. The Ohio-based Strs Ohio has invested 0.02% in Teledyne Technologies Incorporated (NYSE:TDY).
Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 20 insider sales for $20.37 million net activity. $4.05 million worth of Teledyne Technologies Incorporated (NYSE:TDY) was sold by MEHRABIAN ROBERT on Thursday, November 10. PICHELLI ALDO also sold $1.43M worth of Teledyne Technologies Incorporated (NYSE:TDY) on Monday, November 14. The insider VanWees Jason sold 3,996 shares worth $461,513. 3,978 Teledyne Technologies Incorporated (NYSE:TDY) shares with value of $466,381 were sold by Cibik Melanie Susan. $596,576 worth of Teledyne Technologies Incorporated (NYSE:TDY) was sold by DAHLBERG KENNETH C. MAIN SUE had sold 7,000 shares worth $819,628 on Friday, November 11. Another trade for 5,706 shares valued at $683,458 was sold by SMITH MICHAEL T.
TDY Company Profile
Teledyne Technologies Incorporated, incorporated on August 23, 1999, provides enabling technologies for industrial markets. The Firm caters to a range of markets, which include deepwater gas and oil exploration and production, oceanographic research, air and water quality environmental monitoring, electronics design and development, factory automation and medical imaging. The Company’s products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, electronic test and measurement equipment, digital imaging sensors and cameras, aircraft information management systems, and defense electronic and satellite communication subsystems. It also supplies engineered systems for defense, space, environmental and energy applications. The Firm operates through four divisions: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.