Today’s Price Action: Can Teledyne Technologies Incorporated’s Tomorrow be Different? The Stock Just Broke Its High

Today's Price Action: Can Teledyne Technologies Incorporated's Tomorrow be Different? The Stock Just Broke Its High

The stock of Teledyne Technologies Incorporated (NYSE:TDY) reached all time high today, Nov, 22 and still has $131.95 target or 7.00% above today’s $123.32 share price. This indicates more upside for the $4.35B company. This technical setup was reported by Barchart.com. If the $131.95 PT is reached, the company will be worth $304.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 73,870 shares traded hands. Teledyne Technologies Incorporated (NYSE:TDY) has risen 33.84% since April 20, 2016 and is uptrending. It has outperformed by 29.28% the S&P500.

Teledyne Technologies Incorporated (NYSE:TDY) Ratings Coverage

Out of 2 analysts covering Teledyne Tech (NYSE:TDY), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Teledyne Tech has been the topic of 2 analyst reports since October 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by CL King on Wednesday, July 6 to “Neutral”. The company was downgraded on Tuesday, October 6 by Needham.

According to Zacks Investment Research, “Teledyne Technologies Inc. is a leading provider of sophisticated electronic and communication products, systems engineering solutions and information technology services, and aerospace engines and components. The company customers include aerospace prime contractors, general aviation companies, government agencies and major communications and other commercial companies.”

Insitutional Activity: The institutional sentiment increased to 1.34 in Q2 2016. Its up 0.11, from 1.23 in 2016Q1. The ratio improved, as 14 funds sold all Teledyne Technologies Incorporated shares owned while 59 reduced positions. 17 funds bought stakes while 73 increased positions. They now own 30.12 million shares or 5.16% less from 31.76 million shares in 2016Q1.
Pine River Cap Mgmt Limited Partnership last reported 10,091 shares in the company. Nationwide Fund Advsr accumulated 104,399 shares or 0.04% of the stock. Jfs Wealth Advsr Ltd Liability Com accumulated 0% or 180 shares. Creative Planning holds 15,633 shares or 0.01% of its portfolio. Janus Capital Management Ltd Liability accumulated 0.2% or 2.39M shares. Ghp Advisors holds 12,155 shares or 0.26% of its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt, a Pennsylvania-based fund reported 6,640 shares. Aperio Grp holds 0% or 5,839 shares in its portfolio. Teachers, a New York-based fund reported 53,177 shares. Peoples Financial Services Corporation has 37 shares for 0% of their US portfolio. Moreover, Ubs Asset Mngmt Americas has 0% invested in Teledyne Technologies Incorporated (NYSE:TDY) for 24,338 shares. Legal General Group Public, a United Kingdom-based fund reported 19,290 shares. National Bank & Trust Of Montreal Can accumulated 1,071 shares or 0% of the stock. Thrivent Financial For Lutherans has 4,880 shares for 0% of their US portfolio. Bowen Hanes, a Georgia-based fund reported 322,003 shares.

Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 20 sales for $20.37 million net activity. On Thursday, September 8 the insider MILLER PAUL DAVID sold $509,685. PICHELLI ALDO had sold 12,000 shares worth $1.43 million on Monday, November 14. Cibik Melanie Susan had sold 7,000 shares worth $759,308 on Monday, August 29. Bobb George C III sold $314,805 worth of stock. Another trade for 23,300 shares valued at $2.48 million was made by MEHRABIAN ROBERT on Monday, August 15. Shares for $422,197 were sold by AUSTIN ROXANNE S on Monday, August 8. Shares for $709,404 were sold by MAIN SUE on Monday, August 15.

TDY Company Profile

Teledyne Technologies Incorporated, incorporated on August 23, 1999, provides enabling technologies for industrial markets. The Firm caters to a range of markets, which include deepwater gas and oil exploration and production, oceanographic research, air and water quality environmental monitoring, electronics design and development, factory automation and medical imaging. The Company’s 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 Firm operates through four divisions: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems.

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