Teledyne Stock Hits New 52-Week High (TDY)

NEW YORK ( TheStreet) -- Teledyne Technologies (NYSE: TDY) hit a new 52-week high Wednesday as it is currently trading at $63.96, above its previous 52-week high of $63.83 with 35,099 shares traded as of 10:10 a.m. ET. Average volume has been 162,200 shares over the past 30 days.

Teledyne has a market cap of $2.26 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 13.1% year to date as of the close of trading on Tuesday.

Teledyne Technologies Incorporated provides instrumentation and digital imaging products, aerospace and defense electronics, and engineered systems primarily in the United States and Canada. The company has a P/E ratio of 16.1, above the average aerospace/defense industry P/E ratio of nine and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Teledyne as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Teledyne Ratings Report.

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