Teledyne Technologies Incorporated (NYSE:TDY) Director Sells $938,740.00 in Stock

Teledyne Technologies Incorporated (NYSE:TDYGet 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:TDYGet 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

Several institutional investors have recently bought and sold shares of TDY. Baird Financial Group Inc. boosted its holdings in shares of Teledyne Technologies by 2.6% in the fourth quarter. Baird Financial Group Inc. now owns 944 shares of the scientific and technical instruments company’s stock valued at $378,000 after acquiring an additional 24 shares in the last quarter. BOKF NA boosted its holdings in Teledyne Technologies by 0.7% in the 4th quarter. BOKF NA now owns 3,686 shares of the scientific and technical instruments company’s stock valued at $1,645,000 after purchasing an additional 24 shares in the last quarter. Norden Group LLC increased its position in Teledyne Technologies by 1.2% during the 4th quarter. Norden Group LLC now owns 2,149 shares of the scientific and technical instruments company’s stock worth $959,000 after purchasing an additional 25 shares during the period. Weik Capital Management lifted its holdings in shares of Teledyne Technologies by 0.5% in the 4th quarter. Weik Capital Management now owns 5,390 shares of the scientific and technical instruments company’s stock valued at $2,406,000 after buying an additional 25 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Teledyne Technologies by 26.5% in the third quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 27 shares in the last quarter. 87.57% of the stock is owned by institutional investors and hedge funds.

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

(Get Free Report)

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

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

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.