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.
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.
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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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