Teledyne Technologies Incorporated (NYSE:TDY) Chairman Robert Mehrabian Sells 46,075 Shares of Stock

Teledyne Technologies Incorporated (NYSE:TDY) Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $487.33, for a total value of $22,453,729.75. Following the completion of the transaction, the chairman now owns 171,802 shares of the company’s stock, valued at $83,724,268.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Robert Mehrabian also recently made the following trade(s):

• On Friday, November 8th, Robert Mehrabian sold 3,925 shares of Teledyne Technologies stock. The shares were sold at an average price of $490.50, for a total value of $1,925,212.50.

Teledyne Technologies Stock Performance

NYSE TDY opened at $487.88 on Wednesday. The stock has a market cap of $22.74 billion, a PE ratio of 24.67, a P/E/G ratio of 3.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. The firm has a 50-day moving average of $445.88 and a 200-day moving average of $416.21. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $492.00.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the business posted $5.05 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.44 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDY. Tortoise Investment Management LLC raised its position in shares of Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 24 shares in the last quarter. Metis Global Partners LLC increased its stake in Teledyne Technologies by 1.6% during the 3rd quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock worth $663,000 after acquiring an additional 24 shares during the period. Crumly & Associates Inc. raised its holdings in Teledyne Technologies by 3.8% in the 3rd quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock valued at $296,000 after acquiring an additional 25 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Teledyne Technologies by 4.8% during the 3rd quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock valued at $241,000 after acquiring an additional 25 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in shares of Teledyne Technologies by 4.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $298,000 after purchasing an additional 26 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Vertical Research began coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective on the stock. TD Cowen increased their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $517.50.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.