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 stock in a transaction on Friday, November 8th. The shares were sold at an average price of $488.71, for a total value of $733,065.00. Following the completion of the sale, the insider now owns 2,900 shares in the company, valued at approximately $1,417,259. The trade was a 34.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Teledyne Technologies Stock Up 0.5 %

TDY stock opened at $467.25 on Friday. The stock has a market cap of $21.77 billion, a P/E ratio of 23.62, a PEG ratio of 3.30 and a beta of 1.01. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $492.00. The company’s 50 day moving average is $470.05 and its two-hundred day moving average is $432.54.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping 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 firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business earned $5.05 EPS. Teledyne Technologies’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts expect that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current fiscal year.

Institutional Trading of Teledyne Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. &PARTNERS purchased a new stake in Teledyne Technologies in the second quarter valued at approximately $1,076,000. Retirement Systems of Alabama raised its position in Teledyne Technologies by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 10,461 shares of the scientific and technical instruments company’s stock valued at $4,059,000 after purchasing an additional 47 shares during the last quarter. LRI Investments LLC boosted its stake in Teledyne Technologies by 6,030.8% during the 2nd quarter. LRI Investments LLC now owns 797 shares of the scientific and technical instruments company’s stock worth $309,000 after purchasing an additional 784 shares during the period. Raymond James Trust N.A. purchased a new position in Teledyne Technologies during the 2nd quarter worth $204,000. Finally, Bank of New York Mellon Corp increased its stake in Teledyne Technologies by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 300,302 shares of the scientific and technical instruments company’s stock valued at $116,511,000 after purchasing an additional 9,732 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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