Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik Sells 706 Shares

Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik sold 706 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the sale, the executive vice president now directly owns 26,529 shares of the company’s stock, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 stock was sold at an average price of $513.02, for a total transaction of $1,302,044.76.

Teledyne Technologies Stock Down 2.6 %

NYSE TDY traded down $13.19 during trading on Tuesday, hitting $499.77. The stock had a trading volume of 235,127 shares, compared to its average volume of 251,322. The company has a market capitalization of $23.41 billion, a PE ratio of 29.01, a P/E/G ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $522.50. The company’s 50-day moving average price is $489.61 and its two-hundred day moving average price is $465.61. 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 announced its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share 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 firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $5.44 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Institutional Investors Weigh In On Teledyne Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Teledyne Technologies in the 4th quarter valued at about $28,000. Brooklyn Investment Group acquired a new position in shares of Teledyne Technologies in the third quarter valued at approximately $32,000. Hurley Capital LLC acquired a new stake in Teledyne Technologies during the 4th quarter worth approximately $33,000. Ancora Advisors LLC grew its stake in shares of Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 50 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies in the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $450.00 to $550.00 in a research report on Friday, November 8th. UBS Group assumed coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $585.00 price objective on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $538.00.

About Teledyne Technologies

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.