Jefferies analyst Sheila Kahyaoglu maintained a Buy rating on Teledyne Technologies (TDY – Research Report) today and set a price target of $480.00. The company’s shares closed yesterday at $382.89.
Kahyaoglu covers the Industrials sector, focusing on stocks such as Boeing, GE Aerospace, and General Dynamics. According to TipRanks, Kahyaoglu has an average return of 9.6% and a 63.21% success rate on recommended stocks.
In addition to Jefferies, Teledyne Technologies also received a Buy from Goldman Sachs’s Noah Poponak in a report issued on April 25. However, on April 26, Bank of America Securities downgraded Teledyne Technologies (NYSE: TDY) to a Hold.
The company has a one-year high of $448.19 and a one-year low of $355.41. Currently, Teledyne Technologies has an average volume of 238.5K.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TDY in relation to earlier this year. Last month, Charles Crocker, a Director at TDY sold 4,000.00 shares for a total of $1,689,840.00.
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Teledyne Technologies (TDY) Company Description:
Teledyne Technologies, Inc. engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation; Digital Imaging; Aerospace & Defense Electronics; and Engineered Systems. The Instrumentation segment includes monitoring and control instruments for marine, environmental, and industrial applications. The Digital Imaging segment offers sensors, cameras, and infrared systems. The Aerospace & Defense Electronics segment provides electronic components, data acquisition, subsystems, and communications equipment. The Engineered Systems segment develops and produces electrochemical energy systems and small turbine engines. The company was founded in 1960 and is headquartered in Thousand Oaks, CA.
