Cynthia Y. Belak Sells 1,700 Shares of Teledyne Technologies Incorporated (TDY) Stock

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

Shares of Teledyne Technologies Incorporated (NYSE:TDY) opened at $179.52 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. Teledyne Technologies Incorporated has a twelve month low of $119.67 and a twelve month high of $186.54. The firm has a market cap of $6,370.00, a PE ratio of 27.76, a P/E/G ratio of 3.65 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.34. The business had revenue of $662.20 million for the quarter, compared to analysts’ expectations of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. analysts expect that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in TDY. Janus Henderson Group PLC acquired a new position in Teledyne Technologies during the 2nd quarter valued at about $280,989,000. Cramer Rosenthal Mcglynn LLC acquired a new position in Teledyne Technologies during the 3rd quarter valued at about $42,263,000. Westfield Capital Management Co. LP acquired a new position in Teledyne Technologies during the 3rd quarter valued at about $27,400,000. CI Investments Inc. bought a new position in shares of Teledyne Technologies during the 3rd quarter valued at about $20,298,000. Finally, Principal Financial Group Inc. boosted its position in shares of Teledyne Technologies by 85.5% during the 2nd quarter. Principal Financial Group Inc. now owns 268,662 shares of the scientific and technical instruments company’s stock valued at $34,295,000 after purchasing an additional 123,831 shares in the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the stock. ValuEngine cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Jefferies Group increased their target price on shares of Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research cut shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Teledyne Technologies has a consensus rating of “Hold” and a consensus target price 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.

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

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