Teledyne Technologies Incorporated (NYSE:TDY) EVP Sells $1,302,044.76 in Stock

Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik sold 2,538 shares of the stock in a transaction that occurred 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 owns 32,100 shares in the company, valued at approximately $16,467,942. The trade was a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $510.03, for a total value of $1,376,570.97.

Teledyne Technologies Price Performance

Shares of TDY opened at $519.03 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.33. The company has a 50 day moving average price of $476.25 and a 200-day moving average price of $449.79. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $519.38. The stock has a market capitalization of $24.19 billion, a PE ratio of 30.12, a PEG ratio of 3.24 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last posted its 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 company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business earned $5.44 earnings per share. Teledyne Technologies’s revenue was up 5.4% on a year-over-year basis. Equities analysts predict that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Teledyne Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC purchased a new stake in shares of Teledyne Technologies during the third quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in Teledyne Technologies during the third quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies in the third quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. purchased a new position in Teledyne Technologies in the fourth quarter worth $46,000. Finally, Quarry LP increased its position in shares of Teledyne Technologies by 706.3% during the second quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

TDY has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group began coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price on the stock. Needham & Company LLC boosted their price target on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Buy” and an average target price 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.