Insider Selling: Teledyne Technologies Incorporated (TDY) VP Sells 4,000 Shares of Stock
Teledyne Technologies Incorporated (NYSE:TDY) VP Melanie Susan Cibik sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $146.20, for a total value of $584,800.00. Following the completion of the transaction, the vice president now owns 26,280 shares of the company’s stock, valued at approximately $3,842,136. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Teledyne Technologies Incorporated (NYSE TDY) traded up 0.22% during trading on Wednesday, hitting $147.12. The stock had a trading volume of 180,206 shares. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 28.90 and a beta of 0.98. The firm’s 50-day moving average is $131.96 and its 200 day moving average is $129.86. Teledyne Technologies Incorporated has a 52-week low of $101.90 and a 52-week high of $147.43.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.25 by $0.49. Teledyne Technologies had a return on equity of 13.80% and a net margin of 8.44%. The firm had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $636.18 million. During the same quarter last year, the firm earned $1.32 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, analysts expect that Teledyne Technologies Incorporated will post $5.56 EPS for the current year.
A number of equities analysts have recently commented on TDY shares. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a report on Saturday, April 15th. Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 target price on shares of Teledyne Technologies in a report on Friday, May 5th.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC raised its position in shares of Teledyne Technologies by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 56,268 shares of the scientific and technical instruments company’s stock valued at $6,921,000 after buying an additional 3,205 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Teledyne Technologies by 3.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the scientific and technical instruments company’s stock valued at $1,125,000 after buying an additional 300 shares during the last quarter. Oakbrook Investments LLC acquired a new position in shares of Teledyne Technologies during the first quarter valued at $322,000. Retirement Systems of Alabama raised its position in shares of Teledyne Technologies by 0.8% in the first quarter. Retirement Systems of Alabama now owns 45,465 shares of the scientific and technical instruments company’s stock valued at $5,750,000 after buying an additional 343 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Teledyne Technologies by 123,290.0% in the first quarter. Acadian Asset Management LLC now owns 12,339 shares of the scientific and technical instruments company’s stock valued at $1,561,000 after buying an additional 12,329 shares during the last quarter. Institutional investors own 83.67% 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.
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