Teledyne Technologies Incorporated (NYSE:TDY) Vice Chairman Sells $1,924,222.00 in Stock

Teledyne Technologies Incorporated (NYSE:TDY) Vice Chairman Jason Vanwees sold 3,700 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the completion of the sale, the insider now owns 51,324 shares of the company’s stock, valued at approximately $26,691,559.44. The trade was a 6.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Teledyne Technologies Trading Up 0.9 %

Shares of TDY opened at $497.38 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $490.40 and a 200-day simple moving average of $466.36. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data 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. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $5.44 EPS. Equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Teledyne Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in Teledyne Technologies in the 4th quarter worth approximately $28,000. Brooklyn Investment Group purchased a new stake in Teledyne Technologies in the 3rd quarter worth approximately $32,000. Hurley Capital LLC purchased a new stake in Teledyne Technologies in the 4th quarter worth approximately $33,000. Ancora Advisors LLC grew its stake in Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 50 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Teledyne Technologies in the 3rd quarter worth approximately $39,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

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.