Jefferies Maintains Teledyne Technologies Incorporated to Hold with Price Target $105.00

Brokerage firm Jefferies Maintains its rating on Teledyne Technologies Incorporated(NYSE:TDY). In a research note issued to the investors, the brokerage major Raises the price-target to $105.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Aug 5, 2016.

In a different note, On Jul 6, 2016, CL King said it Downgrades its rating on Teledyne Technologies Incorporated. The shares have been rated ‘Neutral’ by the firm.

Teledyne Technologies Incorporated (TDY) made into the market gainers list on Wednesdays trading session with the shares advancing 0.21% or 0.22 points. Due to strong positive momentum, the stock ended at $105.82, which is also near the day’s high of $106.12. The stock began the session at $105.93 and the volume stood at 66,654 shares. The 52-week high of the shares is $109.4 and the 52 week low is $73.655. The company has a current market capitalization of $3,667 M and it has 3,46,56,748 shares in outstanding.

Teledyne Technologies Incorporated(TDY) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $534.90M. Analysts had an estimated revenue of $547.60M. Earnings per share were $1.22. Analysts had estimated an EPS of $1.24.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Schack Wesley W Von (director) sold 4,000 shares at $94.00 per share price.Also, On Mar 8, 2016, Michael T Smith (director) sold 5,323 shares at $90.00 per share price.On Nov 23, 2015, Paul David Miller (director) sold 4,000 shares at $91.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to markets which include deepwater oil and gas exploration and production oceanographic research air and water quality environmental monitoring electronics design and development factory automation and medical imaging. Its 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 Company operates under the following segments: Instrumentation Digital Imaging Aerospace and Defense Electronics and Engineered Systems.

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