If you are wondering whether Teledyne Technologies at around US$610 per share is still reasonably valued, or if the easy gains are already behind it, you are not alone.
The stock has recently posted returns of 5.0% over 7 days, 17.3% over 30 days, 17.7% year to date, and 18.7% over 1 year, with longer term returns of 44.6% over 3 years and 71.0% over 5 years. That naturally raises questions about what is already priced in.
Recent attention on Teledyne has focused on its position as a high end technology and instrumentation player, with investors weighing its long term role in areas such as sensing, imaging, and digital imaging systems. That context helps frame the recent share price strength as the market reassesses how to value those…
