Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded today at $459.84, eclipsing its 52-week high. This new high was reached on below average trading volume as 146,000 shares traded hands, while the average 30-day volume is approximately 236,000 shares.
Teledyne Technologies Incorporated (NYSE:TDY) defies analysts with a current price ($455.90) 3.7% above its average consensus price target of $439.25.
In the past 52 weeks, Teledyne Technologies Incorporated share prices are bracketed by a low of $298.78 and a high of $459.84 and is now at $455.90, 53% above that low price.
Teledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment contributes the largest proportion of revenue and provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.
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