Teledyne Technologies Incorporated (NYSE:TDY) VP Cynthia Y. Belak sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $185.19, for a total value of $740,760.00. Following the transaction, the vice president now directly owns 6,903 shares in the company, valued at $1,278,366.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Teledyne Technologies Incorporated (NYSE TDY) opened at $179.52 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. Teledyne Technologies Incorporated has a 1-year low of $119.67 and a 1-year high of $186.54. The company has a market capitalization of $6,370.00, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 3.65 and a beta of 1.03.
Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm posted $1.46 EPS. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. equities research analysts predict that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current year.
A number of research firms recently weighed in on TDY. ValuEngine lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Jefferies Group boosted their target price on 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 boosted their target price on 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 lowered Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock 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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