Teledyne Technologies Incorporated (NYSE:TDY) Vice Chairman Jason Vanwees Sells 1,500 Shares

Teledyne Technologies Incorporated (NYSE:TDY) Vice Chairman Jason Vanwees sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $488.71, for a total transaction of $733,065.00. Following the transaction, the insider now owns 2,900 shares of the company’s stock, valued at approximately $1,417,259. This represents a 34.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Teledyne Technologies Stock Up 0.5 %

Shares of NYSE:TDY opened at $467.25 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. The firm has a market cap of $21.77 billion, a P/E ratio of 23.62, a P/E/G ratio of 3.30 and a beta of 1.01. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $492.00. The company’s 50-day moving average price is $470.05 and its two-hundred day moving average price is $432.28.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm earned $5.05 earnings per share. Teledyne Technologies’s revenue was up 2.9% compared to the same quarter last year. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Teledyne Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in TDY. Verition Fund Management LLC raised its stake in shares of Teledyne Technologies by 240.5% during the third quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company’s stock worth $15,985,000 after buying an additional 25,796 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Teledyne Technologies by 217.5% in the 3rd quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company’s stock valued at $23,554,000 after purchasing an additional 36,867 shares during the period. Polar Asset Management Partners Inc. bought a new position in shares of Teledyne Technologies in the 3rd quarter worth $5,208,000. Royal London Asset Management Ltd. grew its stake in shares of Teledyne Technologies by 11.7% during the second quarter. Royal London Asset Management Ltd. now owns 20,498 shares of the scientific and technical instruments company’s stock worth $7,953,000 after purchasing an additional 2,152 shares during the period. Finally, Bank of Montreal Can increased its holdings in Teledyne Technologies by 14.2% in the second quarter. Bank of Montreal Can now owns 38,115 shares of the scientific and technical instruments company’s stock valued at $14,922,000 after purchasing an additional 4,731 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

TDY has been the subject of several analyst reports. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. TD Cowen lifted their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 24th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. 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. Finally, Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $531.00.

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.