Teledyne Technologies Incorporated (NYSE:TDY) VP Cynthia Y. Belak sold 1,700 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $185.44, for a total transaction of $315,248.00. Following the sale, the vice president now directly owns 6,903 shares in the company, valued at $1,280,092.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Teledyne Technologies Incorporated (NYSE:TDY) opened at $181.92 on Tuesday. Teledyne Technologies Incorporated has a twelve month low of $119.67 and a twelve month high of $186.54. The stock has a market cap of $6,502.24, a price-to-earnings ratio of 27.76, a P/E/G ratio of 3.65 and a beta of 1.03. The company has a current ratio of 1.98, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.34. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The firm had revenue of $662.20 million for the quarter, compared to the consensus estimate of $656.20 million. During the same period in the prior year, the firm posted $1.46 earnings per share. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. analysts anticipate that Teledyne Technologies Incorporated will post 6.7 EPS for the current fiscal year.
TDY has been the topic of a number of recent analyst reports. Jefferies Group reissued a “hold” rating and set a $150.00 price target (up from $145.00) on shares of Teledyne Technologies in a report on Wednesday, August 9th. Needham & Company LLC increased their price target on shares of Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. ValuEngine raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $175.33.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. TT International lifted its holdings in Teledyne Technologies by 73.2% during the third quarter. TT International now owns 30,320 shares of the scientific and technical instruments company’s stock valued at $4,826,000 after purchasing an additional 12,816 shares in the last quarter. Sterling Capital Management LLC purchased a new position in Teledyne Technologies during the third quarter valued at $292,000. Neuberger Berman Group LLC lifted its holdings in Teledyne Technologies by 3.4% during the third quarter. Neuberger Berman Group LLC now owns 229,053 shares of the scientific and technical instruments company’s stock valued at $36,461,000 after purchasing an additional 7,489 shares in the last quarter. Zions Bancorporation purchased a new position in Teledyne Technologies during the third quarter valued at $220,000. Finally, Vident Investment Advisory LLC lifted its holdings in Teledyne Technologies by 45.6% during the third quarter. Vident Investment Advisory LLC now owns 86,384 shares of the scientific and technical instruments company’s stock valued at $13,751,000 after purchasing an additional 27,064 shares in the last quarter. 84.11% of the stock is currently owned by institutional investors and hedge funds.
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Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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