Teledyne Technologies Incorporated (NYSE:TDY) SVP Sells $882,420.00 in Stock

Teledyne Technologies Incorporated (NYSE:TDY) SVP Jason Vanwees sold 6,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $147.07, for a total transaction of $882,420.00. Following the transaction, the senior vice president now owns 35,159 shares of the company’s stock, valued at $5,170,834.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Teledyne Technologies Incorporated (NYSE TDY) traded down 0.05% on Friday, hitting $143.94. 172,422 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $138.49 and its 200 day moving average price is $131.84. Teledyne Technologies Incorporated has a 12-month low of $101.90 and a 12-month high of $148.62. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 26.54 and a beta of 0.98.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.49. The business had revenue of $671.10 million during the quarter, compared to the consensus estimate of $636.18 million. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 earnings per share. On average, equities analysts predict that Teledyne Technologies Incorporated will post $5.69 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in TDY. Neuburgh Advisers LLC increased its stake in Teledyne Technologies by 17.7% in the first quarter. Neuburgh Advisers LLC now owns 1,168 shares of the scientific and technical instruments company’s stock worth $148,000 after buying an additional 176 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Teledyne Technologies by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,188 shares of the scientific and technical instruments company’s stock worth $149,000 after buying an additional 29 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Teledyne Technologies by 1,204.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock worth $166,000 after buying an additional 1,204 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Teledyne Technologies by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock worth $169,000 after buying an additional 177 shares during the last quarter. Finally, ETF Managers Group LLC bought a new stake in Teledyne Technologies during the second quarter worth about $181,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

TDY has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Thursday, May 11th. Needham & Company LLC upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Wednesday, July 5th. BidaskClub upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Jefferies Group LLC restated a “hold” rating and set a $140.00 target price on shares of Teledyne Technologies in a research report on Tuesday, June 6th.

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.