Insider Selling: Teledyne Technologies Incorporated (TDY) CFO Sells $1,287,160.00 in Stock
Teledyne Technologies Incorporated (NYSE:TDY) CFO Sue Main sold 7,000 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $183.88, for a total transaction of $1,287,160.00. Following the sale, the chief financial officer now owns 40,874 shares of the company’s stock, valued at $7,515,911.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Teledyne Technologies Incorporated (TDY) opened at $180.63 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. Teledyne Technologies Incorporated has a 12 month low of $114.00 and a 12 month high of $185.66. The stock has a market cap of $6,390.26, a price-to-earnings ratio of 27.28, a P/E/G ratio of 3.59 and a beta of 1.01.
Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.34. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The firm had revenue of $662.20 million during the quarter, compared to analysts’ expectations of $656.20 million. During the same period in the previous year, the business posted $1.46 EPS. The business’s revenue was up 25.7% compared to the same quarter last year. research analysts anticipate that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current year.
Several analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and set a $157.00 price objective (up from $148.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. Jefferies Group LLC lifted their price objective on shares of Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, BidaskClub upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Teledyne Technologies presently has an average rating of “Hold” and a consensus target price of $175.33.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in shares of Teledyne Technologies by 1,204.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock valued at $166,000 after purchasing an additional 1,204 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Teledyne Technologies by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock valued at $169,000 after purchasing an additional 177 shares during the period. ETF Managers Group LLC acquired a new position in shares of Teledyne Technologies in the 2nd quarter valued at $181,000. HighTower Advisors LLC acquired a new position in shares of Teledyne Technologies in the 1st quarter valued at $219,000. Finally, Trexquant Investment LP acquired a new position in Teledyne Technologies during the second quarter worth $230,000. Hedge funds and other institutional investors own 83.11% of the company’s stock.
About Teledyne Technologies
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
Receive News & Ratings for Teledyne Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.