Teledyne Technologies Incorporated (NYSE:TDY) Vice Chairman Sells $1,924,222.00 in Stock

Teledyne Technologies Incorporated (NYSE:TDY - Get Free Report) Vice Chairman Jason Vanwees sold 3,700 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the transaction, the insider now directly owns 51,324 shares of the company's stock, valued at $26,691,559.44. This represents a 6.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Teledyne Technologies Trading Down 1.7 %

Shares of TDY stock traded down $8.23 during trading hours on Friday, hitting $483.04. 379,938 shares of the company were exchanged, compared to its average volume of 259,424. The firm has a market cap of $22.62 billion, a P/E ratio of 28.03, a P/E/G ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $522.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The company has a 50 day simple moving average of $490.91 and a two-hundred day simple moving average of $467.33.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.23 by $0.29. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $5.44 EPS. Equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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Institutional Trading of Teledyne Technologies

Several large investors have recently modified their holdings of TDY. Norges Bank acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $306,042,000. Alyeska Investment Group L.P. grew its position in Teledyne Technologies by 19,605.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 365,133 shares of the scientific and technical instruments company's stock valued at $169,469,000 after purchasing an additional 363,280 shares during the period. Point72 Asset Management L.P. acquired a new stake in Teledyne Technologies in the 4th quarter valued at $143,524,000. Madison Investment Advisors LLC acquired a new stake in Teledyne Technologies in the 4th quarter valued at $94,721,000. Finally, Freestone Grove Partners LP acquired a new stake in Teledyne Technologies in the 4th quarter valued at $61,939,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Bank of America upgraded shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and raised their price target for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Finally, UBS Group initiated coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They set a "buy" rating and a $585.00 price target for the company. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $538.00.

Teledyne Technologies Company Profile

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.