Morgan Stanley Sticks to Their Hold Rating for Teledyne Technologies (TDY)

In a report released today, Kristine Liwag from Morgan Stanley reiterated a Hold rating on Teledyne Technologies, with a price target of $620.00. The company’s shares closed yesterday at $571.93.

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Liwag covers the Industrials sector, focusing on stocks such as HEICO, RTX, and Firefly Aerospace, Inc.. According to TipRanks, Liwag has an average return of 15.1% and a 66.42% success rate on recommended stocks.

In addition to Morgan Stanley, Teledyne Technologies also received a Hold from Barclays’s Guy Hardwick in a report issued on October 8. However, on September 30, Bank of America Securities maintained a Buy rating on Teledyne Technologies (NYSE: TDY).

Based on Teledyne Technologies’ latest earnings release for the quarter ending June 29, the company reported a quarterly revenue of $1.51 billion and a net profit of $209.9 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $180.2 million

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TDY in relation to earlier this year. Last month, Jane Cecile Sherburne, a Director at TDY sold 2,000.00 shares for a total of $1,109,520.00.