Thomas H. Reslewic Sells 10,000 Shares of Teledyne Technologies International Corp (TDY) Stock
Teledyne Technologies International Corp (NYSE:TDY) VP Thomas H. Reslewic sold 10,000 shares of the company’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $197.93, for a total transaction of $1,979,300.00. Following the completion of the sale, the vice president now directly owns 26,409 shares of the company’s stock, valued at $5,227,133.37. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Teledyne Technologies International stock opened at $195.89 on Thursday. Teledyne Technologies International Corp has a twelve month low of $195.20 and a twelve month high of $196.42. The company has a market cap of $7.04 billion, a PE ratio of 28.27, a P/E/G ratio of 3.40 and a beta of 1.00. The company has a quick ratio of 1.22, a current ratio of 1.91 and a debt-to-equity ratio of 0.50.
Teledyne Technologies International (NYSE:TDY) last released its earnings results on Thursday, May 3rd. The scientific and technical instruments company reported $1.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.26. Teledyne Technologies International had a net margin of 9.63% and a return on equity of 14.33%. The firm had revenue of $695.60 million during the quarter, compared to the consensus estimate of $661.58 million. During the same period in the prior year, the firm earned $0.84 EPS. The company’s revenue was up 22.9% compared to the same quarter last year. equities analysts expect that Teledyne Technologies International Corp will post 7.72 EPS for the current fiscal year.
TDY has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price objective on shares of Teledyne Technologies International to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Teledyne Technologies International from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a research report on Tuesday, February 6th. Finally, ValuEngine raised shares of Teledyne Technologies International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Teledyne Technologies International presently has a consensus rating of “Buy” and a consensus target price of $197.67.
Teledyne Technologies International Company Profile
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, France, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.
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