Insider Selling: Teledyne Technologies Incorporated (NYSE:TDY) EVP Sells 706 Shares of Stock

Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik sold 706 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the sale, the executive vice president now owns 26,529 shares of the company’s stock, valued at approximately $13,794,018.84. The trade was a 2.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Melanie Susan Cibik also recently made the following trade(s):

• On Wednesday, January 29th, Melanie Susan Cibik sold 2,699 shares of Teledyne Technologies stock. The stock was sold at an average price of $510.03, for a total value of $1,376,570.97.
• On Monday, January 27th, Melanie Susan Cibik sold 2,538 shares of Teledyne Technologies stock. The shares were sold at an average price of $513.02, for a total transaction of $1,302,044.76.

Teledyne Technologies Trading Down 4.1 %

TDY opened at $492.11 on Wednesday. The firm’s fifty day moving average is $489.95 and its two-hundred day moving average is $466.15. The firm has a market cap of $23.05 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $5.44 earnings per share. Teledyne Technologies’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Institutional Trading of Teledyne Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stratos Wealth Partners LTD. grew its holdings in shares of Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock valued at $232,000 after acquiring an additional 21 shares in the last quarter. Ironwood Investment Management LLC boosted its position in Teledyne Technologies by 0.8% during the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company’s stock valued at $1,335,000 after purchasing an additional 22 shares during the last quarter. Tidal Investments LLC grew its stake in Teledyne Technologies by 0.4% in the fourth quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company’s stock valued at $2,556,000 after purchasing an additional 22 shares in the last quarter. Keel Point LLC increased its position in shares of Teledyne Technologies by 4.5% during the 4th quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company’s stock worth $247,000 after purchasing an additional 23 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in shares of 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 purchasing an additional 24 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDY has been the topic of a number of recent research reports. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Finally, UBS Group started coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective for the company. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies currently has an average rating of “Buy” and a consensus price target of $538.00.

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.