Teledyne Technologies (TDY) Receiving Somewhat Positive News Coverage, Accern Reports
News stories about Teledyne Technologies (NYSE:TDY) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Teledyne Technologies earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the scientific and technical instruments company an impact score of 46.5637972973765 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have recently commented on TDY. ValuEngine downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Needham & Company LLC upped their price objective 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. Finally, Jefferies Group upped their price objective 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $175.33.
Shares of Teledyne Technologies (NYSE:TDY) opened at $191.93 on Friday. Teledyne Technologies has a twelve month low of $119.69 and a twelve month high of $196.71. The stock has a market cap of $6,780.00, a price-to-earnings ratio of 32.86, a P/E/G ratio of 3.58 and a beta of 1.03. The company has a current ratio of 1.98, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64.
In related news, VP Cynthia Y. Belak sold 4,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $185.19, for a total transaction of $740,760.00. Following the sale, the vice president now directly owns 6,903 shares of the company’s stock, valued at $1,278,366.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Simon M. Lorne sold 4,958 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $181.64, for a total transaction of $900,571.12. Following the sale, the director now directly owns 30,297 shares in the company, valued at $5,503,147.08. The disclosure for this sale can be found here. Insiders have sold 25,364 shares of company stock worth $4,643,847 over the last three months. 3.30% of the stock is currently owned by insiders.
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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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