The stock of Teledyne Technologies Incorporated (NYSE:TDY) decreased by -$0.45 on Friday to finish at $383.39, down -0.12 percent. The last five days have seen an average of 284,360 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$16.52. The average number of shares traded over the last 20 days was 340,690, while the average volume over the last 50 days totaled 281,628.
TDY stock dropped -7.89% since last month. On 07/27/23, the company’s shares reached a one-month low of $372.56. The stock touched a high of $448.71 on 04/03/23, after rallying from a low of $325.00 in 52 weeks. The price of TDY stock has declined by -4.13% or -$16.52 this year, reaching a new high 15 times. Still, the stock price is down -14.56% from the 52-week high.
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Insider Transactions
TDY stock investors should be aware that Teledyne Technologies Incorporated (TDY) stock had its last reported insider trading activity 91 days ago on May 15. On May 15, Sr.VP, GenCounsel, CCO & Sec. Cibik Melanie Susan sold 2,000 shares at $413.00 each. This transaction resulted in the insider making $826,000. On Mar 07, MEHRABIAN ROBERT sold 1,100 shares at a price of US$439.08. After the transaction, the insider now owns 196,052 shares. Chairman, President and CEO MEHRABIAN ROBERT had earlier sold 3,400 shares on Mar 06 for $440.17 a share. The transaction was completed for $1,496,584.
Valuation Metrics
Teledyne Technologies Incorporated (TDY) has a trailing price-to-earnings (P/E) ratio of 23.84. Beta for the stock is 1.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.23, the price-to-book (PB) ratio of 2.10, and the price-to-cash flow ratio of 22.65.
Financial Health
For the three months ended June 29, Teledyne Technologies Incorporated’s quick ratio was 1.00, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.34, and the total debt to equity ratio is 0.39. As far as profitability goes, gross margin for the trailing twelve months is 43.00% percent. Teledyne Technologies Incorporated’s EBITDA margin for the year ended June 29 was 24.02%, whereas its operating margin stood at 18.20% for the same period. Based on annual data, it had gross profit of $2.33 billion and revenue of $5.46 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TDY’s return on assets (ROA) during the last 12 months has been 5.40%. There was a 7.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.40%.
Earnings Surprise
According to Teledyne Technologies Incorporated’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.42 billion, while revenues rose by 4.84% to $1.38 billion. It was predicted that Teledyne Technologies Incorporated’s quarterly earnings would be $4.67, but it ended up being $4.64, beating the consensus by 0.60%. EBITDA was $336.1 million for the quarter. At the end of Teledyne Technologies Incorporated’s most recent quarter ended June 29, its liabilities totaled 5.58 billion, while its total debt was $3.35 billion. Equity owned by shareholders amounts to $47.08 million.
Technical Picture
Here’s a quick look at Teledyne Technologies Incorporated’s (TDY) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 38.61%, suggesting the stock is Neutral, with a 13.35% historical volatility rate.
The stochastic %K and %D were 24.67% and 25.07% respectively, while the average true range (ATR) was 6.78. Based on the 14-day stochastic reading of 24.41%, the RSI (14) reading is 39.24%. On the 9-day MACD Oscillator, the stock is at 0.08, and the 14-day reading is at -2.12.
Analyst Ratings
In its analyst report released on December 13, 2022, Credit Suisse began covering Teledyne Technologies Incorporated (NYSE: TDY). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Teledyne Technologies Incorporated (TDY) an Overweight rating. TDY is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is TDY’s price target for the next 12 months?
The current consensus forecast for the stock is between $423.00 and $500.00, with a median target price of $488.00. In analyzing these forecasts, the average price target given by analysts for Teledyne Technologies Incorporated (TDY) is $476.29.
