Teledyne Technologies Incorporated (NYSE:TDY) VP Sells $306,684.00 in Stock

Teledyne Technologies Incorporated (NYSE:TDY) VP Melanie Susan Cibik sold 1,217 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $252.00, for a total value of $306,684.00. Following the completion of the transaction, the vice president now directly owns 25,581 shares of the company’s stock, valued at $6,446,412. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Melanie Susan Cibik also recently made the following trade(s):

  • On Monday, April 29th, Melanie Susan Cibik sold 6,783 shares of Teledyne Technologies stock. The shares were sold at an average price of $252.00, for a total value of $1,709,316.00.

Teledyne Technologies stock traded down $2.18 during midday trading on Friday, reaching $234.77. 1,671 shares of the stock traded hands, compared to its average volume of 190,090. Teledyne Technologies Incorporated has a 12-month low of $189.35 and a 12-month high of $260.99. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.31 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.54 and a quick ratio of 1.00.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.10. Teledyne Technologies had a return on equity of 14.87% and a net margin of 11.61%. The company had revenue of $745.20 million during the quarter, compared to analysts’ expectations of $728.30 million. During the same period last year, the business posted $1.81 EPS. Teledyne Technologies’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 9.5 earnings per share for the current year.

Several analysts have issued reports on the company. Cowen assumed coverage on Teledyne Technologies in a report on Tuesday, April 2nd. They issued an “outperform” rating and a $265.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $248.00 target price (up from $240.00) on shares of Teledyne Technologies in a report on Friday, March 15th. Finally, Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $257.00 target price for the company in a report on Tuesday, March 26th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new stake in shares of Teledyne Technologies during the 1st quarter worth about $31,000. Penserra Capital Management LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth about $36,000. O Shaughnessy Asset Management LLC raised its position in shares of Teledyne Technologies by 32.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 218 shares of the scientific and technical instruments company’s stock worth $45,000 after acquiring an additional 54 shares in the last quarter. Nikko Asset Management Americas Inc. raised its position in shares of Teledyne Technologies by 205.4% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 281 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 189 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new position in Teledyne Technologies during the first quarter worth approximately $99,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

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Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.

See Also: Average Daily Trade Volume – ADTV

Insider Buying and Selling by Quarter for Teledyne Technologies (NYSE:TDY)

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