Teledyne Technologies Incorporated (TDY) VP Sells $315,248.00 in Stock

Teledyne Technologies Incorporated (NYSE:TDY) VP Cynthia Y. Belak sold 1,700 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $185.44, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Teledyne Technologies Incorporated (TDY) opened at $180.41 on Thursday. The firm has a market capitalization of $6,361.56, a price-to-earnings ratio of 27.16, a P/E/G ratio of 3.57 and a beta of 1.03. Teledyne Technologies Incorporated has a 52-week low of $119.67 and a 52-week high of $186.54. 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 posted its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.34. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The firm had revenue of $662.20 million for the quarter, compared to analyst estimates of $656.20 million. During the same period in the previous year, the firm earned $1.46 earnings per share. Teledyne Technologies’s quarterly revenue was up 25.7% on a year-over-year basis. equities analysts predict that Teledyne Technologies Incorporated will post 6.7 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc grew its stake in Teledyne Technologies by 17.5% in the second quarter. Legal & General Group Plc now owns 38,093 shares of the scientific and technical instruments company’s stock valued at $4,861,000 after purchasing an additional 5,675 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Teledyne Technologies by 1.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,045,183 shares of the scientific and technical instruments company’s stock valued at $133,417,000 after purchasing an additional 16,136 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Teledyne Technologies in the third quarter valued at about $680,000. SG Americas Securities LLC grew its stake in Teledyne Technologies by 37.8% in the second quarter. SG Americas Securities LLC now owns 9,676 shares of the scientific and technical instruments company’s stock valued at $1,235,000 after purchasing an additional 2,655 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in Teledyne Technologies in the second quarter valued at about $4,578,000. Hedge funds and other institutional investors own 84.11% of the company’s stock.

TDY has been the topic of several recent analyst reports. ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Needham & Company LLC upped their price target on Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Jefferies Group upped their price target on Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $175.33.

WARNING: This news story was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/12/07/teledyne-technologies-incorporated-tdy-vp-sells-315248-00-in-stock.html.

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.

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

Receive News & Ratings for Teledyne Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply