Melanie Susan Cibik Sells 2,538 Shares of Teledyne Technologies Incorporated (NYSE:TDY) Stock

Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik sold 2,538 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $513.02, for a total transaction of $1,302,044.76. Following the completion of the sale, the executive vice president now owns 32,100 shares in the company, valued at approximately $16,467,942. This trade represents a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Teledyne Technologies Stock Up 0.1 %

Shares of NYSE TDY traded up $0.62 during mid-day trading on Tuesday, reaching $509.22. 220,792 shares of the company’s stock were exchanged, compared to its average volume of 267,681. The firm has a market capitalization of $23.73 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 3.24 and a beta of 1.01. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $518.85. The company has a current ratio of 2.33, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $475.48 and a 200 day simple moving average of $449.37.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $5.44 earnings per share. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 21.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Teledyne Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC bought a new position in shares of Teledyne Technologies in the third quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in Teledyne Technologies in the third quarter valued at $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Teledyne Technologies during the 3rd quarter valued at $39,000. Newbridge Financial Services Group Inc. bought a new position in Teledyne Technologies in the 4th quarter worth about $46,000. Finally, Quarry LP raised its position in Teledyne Technologies by 706.3% in the 2nd quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock worth $50,000 after buying an additional 113 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Needham & Company LLC lifted their price target on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen lifted their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, UBS Group started coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $531.00.

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.