Teledyne Technologies Incorporated (NYSE:TDY) EVP Sells $367,091.76 in Stock

Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction 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. The trade was a 2.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 transaction 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 Up 0.9 %

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

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, beating the consensus estimate of $5.23 by $0.29. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $5.44 earnings per share. On average, analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Institutional Investors Weigh In On Teledyne Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new position in Teledyne Technologies during the fourth quarter valued at approximately $28,000. Brooklyn Investment Group bought a new position in shares of Teledyne Technologies in the third quarter worth $32,000. Hurley Capital LLC purchased a new stake in shares of Teledyne Technologies in the fourth quarter worth $33,000. Ancora Advisors LLC boosted its stake in Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 50 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Teledyne Technologies during the third quarter worth about $39,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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