Teledyne Technologies Incorporated (TDY) Director Sells $596,700.00 in Stock
Teledyne Technologies Incorporated (NYSE:TDY) Director Paul David Miller sold 4,590 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $130.00, for a total value of $596,700.00. Following the completion of the sale, the director now directly owns 21,992 shares of the company’s stock, valued at approximately $2,858,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Teledyne Technologies Incorporated (NYSE TDY) traded down 0.684% during mid-day trading on Monday, reaching $132.925. The company had a trading volume of 2,856 shares. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 26.110 and a beta of 0.98. The firm has a 50-day moving average price of $131.17 and a 200-day moving average price of $127.51. Teledyne Technologies Incorporated has a 1-year low of $92.52 and a 1-year high of $137.00.
Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Thursday, May 4th. The scientific and technical instruments company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.51. Teledyne Technologies had a return on equity of 13.19% and a net margin of 8.82%. The company had revenue of $566.10 million during the quarter, compared to analysts’ expectations of $539.40 million. During the same period last year, the business posted $1.10 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. Equities analysts expect that Teledyne Technologies Incorporated will post $5.27 earnings per share for the current year.
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A number of analysts recently commented on the company. Zacks Investment Research raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research note on Friday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $140.00 price target on shares of Teledyne Technologies in a research note on Monday, May 15th.
A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. acquired a new stake in Teledyne Technologies during the fourth quarter worth approximately $142,000. Neuburgh Advisers LLC raised its position in shares of Teledyne Technologies by 17.7% in the first quarter. Neuburgh Advisers LLC now owns 1,168 shares of the scientific and technical instruments company’s stock worth $148,000 after buying an additional 176 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Teledyne Technologies by 17.7% in the first quarter. Glen Harbor Capital Management LLC now owns 1,606 shares of the scientific and technical instruments company’s stock worth $203,000 after buying an additional 242 shares in the last quarter. Elkfork Partners LLC purchased a new position in shares of Teledyne Technologies during the fourth quarter worth $213,000. Finally, HighTower Advisors LLC purchased a new position in shares of Teledyne Technologies during the first quarter worth $219,000. Institutional investors own 86.15% 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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