Teledyne Technologies Inc (NYSE:TDY) shares traded -0.32% lower at $386.37 on Wall Street last session.
TDY stock price is now -2.20% away from the 50-day moving average and -5.75% away from the 200-day moving average. The market capitalization of the company currently stands at $18.32B.
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With the price target reduced from $490 to $400, BofA Securities Downgraded its rating from Buy to Neutral for Teledyne Technologies Inc (NYSE: TDY). On December 22, 2023, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $455 to quote $522, while ‘Exane BNP Paribas’ rates the stock as ‘Outperform’
In other news, LORNE SIMON M, Director sold 2,200 shares of the company’s stock on Mar 08 ’24. The stock was sold for $938,743 at an average price of $426.70. Upon completion of the transaction, the Director now directly owns 67,288 shares in the company, valued at $26.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, Director CROCKER CHARLES sold 4,000 shares of the business’s stock. A total of $1,689,846 was realized by selling the stock at an average price of $422.46. This leaves the insider owning 45,932 shares of the company worth $17.75 million. A total of 1.28% of the company’s stock is owned by insiders.
During the past 12 months, Teledyne Technologies Inc has had a low of $355.41 and a high of $448.19. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.81, and a quick ratio of 1.29. According to the stock market information, the enterprise value for the company is $20661626880, which is based on a 20.91 price-to-earnings ratio, a 3.46 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for TDY is $394.5066 and a two-hundred day moving average price translates $409.7885 for the stock.
The latest earnings results from Teledyne Technologies Inc (NYSE: TDY) was released for 2024-03-31. The net profit margin was 15.78% and return on equity was 10.01% for TDY. The company reported revenue of $1.35 billion for the quarter, compared to $1.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.4 percent.
