Insider Selling: Teledyne Technologies Incorporated (NYSE:TDY) VP Sells 4,000 Shares of Stock

Teledyne Technologies Incorporated (NYSE:TDY) VP Cynthia Y. Belak sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $185.19, for a total value of $740,760.00. Following the completion of the transaction, the vice president now owns 6,903 shares of the company’s stock, valued at approximately $1,278,366.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded up $0.04 during trading on Friday, reaching $181.15. 243,624 shares of the company were exchanged, compared to its average volume of 188,560. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. Teledyne Technologies Incorporated has a 1 year low of $119.67 and a 1 year high of $186.54. The stock has a market cap of $6,417.90, a price-to-earnings ratio of 30.81, a PEG ratio of 3.60 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.34. The firm had revenue of $662.20 million for the quarter, compared to analyst estimates of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.46 EPS. equities analysts anticipate that Teledyne Technologies Incorporated will post 6.7 EPS for the current fiscal year.

A number of research firms have recently commented on TDY. Needham & Company LLC upped their target price on Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Jefferies Group increased their price objective on Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, November 3rd. ValuEngine upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Teledyne Technologies currently has a consensus rating of “Hold” and an average target price of $175.33.

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC acquired a new position in shares of Teledyne Technologies in the second quarter worth $280,989,000. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Teledyne Technologies in the third quarter worth $42,263,000. Westfield Capital Management Co. LP acquired a new position in shares of Teledyne Technologies in the third quarter worth $27,400,000. CI Investments Inc. acquired a new position in shares of Teledyne Technologies in the third quarter worth $20,298,000. Finally, Principal Financial Group Inc. grew its stake in shares of Teledyne Technologies by 85.5% during the second quarter. Principal Financial Group Inc. now owns 268,662 shares of the scientific and technical instruments company’s stock worth $34,295,000 after purchasing an additional 123,831 shares in the last quarter. Hedge funds and other institutional investors own 84.07% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Teledyne Technologies (NYSE:TDY)

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