Teledyne Technologies Incorporated (NYSE:TDY – Get Free Report) Director Simon M. Lorne sold 2,200 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the sale, the director now owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Teledyne Technologies Stock Performance
Shares of TDY opened at $424.90 on Tuesday. Teledyne Technologies Incorporated has a 1 year low of $364.98 and a 1 year high of $448.71. The stock has a 50-day simple moving average of $430.82 and a 200-day simple moving average of $414.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.17 and a current ratio of 1.69. The stock has a market capitalization of $20.13 billion, a PE ratio of 22.97, a PEG ratio of 2.74 and a beta of 1.02.
Teledyne Technologies (NYSE:TDY – Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 EPS for the quarter, beating the consensus estimate of $5.04 by $0.40. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the business earned $4.94 EPS. The firm’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Teledyne Technologies Incorporated will post 20.56 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Teledyne Technologies
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on TDY shares. Needham & Company LLC lowered their price objective on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Buy” and a consensus price target of $515.67.
Check Out Our Latest Research Report on TDY
About Teledyne Technologies
Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.
Read More
- Five stocks we like better than Teledyne Technologies
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Unbearably Good Investment: A Build-A-Bear Stock Analysis
- Where to Find Earnings Call Transcripts
- Coinbase Stock Tempting but isn’t without its Risks
- Insider Trading – What You Need to Know
- This Industrial Products Stock is Goldman’s Favorite This Cycle
Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.