Teledyne Technologies Incorporated (TDY) is Downgraded by CL King to Neutral

Teledyne Technologies Incorporated (TDY) was Downgraded by CL King to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. CL King advised their investors in a research report released on Jul 6, 2016.

On the company’s financial health, Teledyne Technologies Incorporated reported $1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.08. The company had revenue of $530.50 million for the quarter, compared to analysts expectations of $548.69 million. The company’s revenue was down -6.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.20 EPS.

Teledyne Technologies Incorporated closed down -0.15 points or -0.15% at $98.9 with 78,554 shares getting traded on Friday. Post opening the session at $98.99, the shares hit an intraday low of $98.67 and an intraday high of $100.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 16, 2016, Schack Wesley W Von (director) sold 4,000 shares at $94.00 per share price. According to the SEC, 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.

Teledyne Technologies Incorporated

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