Melanie Susan Cibik Sells 2,538 Shares of Teledyne Technologies Incorporated (NYSE:TDY) Stock

Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik sold 2,538 shares of Teledyne Technologies stock in a transaction on Monday, January 27th. The stock was sold at an average price of $513.02, for a total value of $1,302,044.76. Following the completion of the sale, the executive vice president now directly owns 32,100 shares of the company’s stock, valued at approximately $16,467,942. The trade was a 7.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $510.03, for a total value of $1,376,570.97.

Teledyne Technologies Stock Down 0.1 %

TDY opened at $508.81 on Thursday. The firm’s 50 day simple moving average is $476.25 and its two-hundred day simple moving average is $449.79. The company has a market capitalization of $23.71 billion, a PE ratio of 29.53, a PEG ratio of 3.24 and a beta of 1.01. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $518.85. The company has a current ratio of 2.33, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last announced its 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 analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $5.44 EPS. Teledyne Technologies’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 21.3 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in Teledyne Technologies by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 2,929 shares of the scientific and technical instruments company’s stock worth $1,136,000 after acquiring an additional 199 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Teledyne Technologies by 80.1% in the second quarter. Public Sector Pension Investment Board now owns 1,810 shares of the scientific and technical instruments company’s stock worth $702,000 after purchasing an additional 805 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Teledyne Technologies by 605.2% during the 2nd quarter. Squarepoint Ops LLC now owns 9,027 shares of the scientific and technical instruments company’s stock valued at $3,502,000 after purchasing an additional 7,747 shares during the period. AQR Capital Management LLC lifted its stake in shares of Teledyne Technologies by 1.5% during the 2nd quarter. AQR Capital Management LLC now owns 9,275 shares of the scientific and technical instruments company’s stock valued at $3,591,000 after buying an additional 141 shares in the last quarter. Finally, MBB Public Markets I LLC bought a new position in Teledyne Technologies in the 2nd quarter worth $1,197,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDY has been the topic of several research analyst reports. Needham & Company LLC upped their target price on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen increased their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price for the company. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $450.00 to $550.00 in a report on Friday, November 8th. Finally, StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $531.00.

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.