Robert Mehrabian Sells 46,075 Shares of Teledyne Technologies Incorporated (NYSE:TDY) Stock

Teledyne Technologies Incorporated (NYSE:TDY) Chairman Robert Mehrabian sold 46,075 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the transaction, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Robert Mehrabian also recently made the following trade(s):

• On Friday, November 8th, Robert Mehrabian sold 3,925 shares of Teledyne Technologies stock. The stock was sold at an average price of $490.50, for a total value of $1,925,212.50.

Teledyne Technologies Stock Up 0.0 %

NYSE TDY traded up $0.21 on Tuesday, reaching $487.83. 187,851 shares of the stock traded hands, compared to its average volume of 240,511. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $492.00. The company has a fifty day moving average price of $445.88 and a 200-day moving average price of $416.21. The company has a market cap of $22.73 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 3.43 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. Teledyne Technologies’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.05 earnings per share. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 19.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TDY shares. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $450.00 to $550.00 in a report on Friday. Vertical Research initiated coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target on the stock. Finally, TD Cowen upped their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $517.50.

Institutional Investors Weigh In On Teledyne Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC increased its position in shares of Teledyne Technologies by 30.6% during the third quarter. Cerity Partners LLC now owns 16,383 shares of the scientific and technical instruments company’s stock worth $7,170,000 after purchasing an additional 3,838 shares in the last quarter. Studio Investment Management LLC raised its stake in Teledyne Technologies by 17.0% in the third quarter. Studio Investment Management LLC now owns 268 shares of the scientific and technical instruments company’s stock valued at $117,000 after buying an additional 39 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Teledyne Technologies by 4.8% in the third quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock worth $241,000 after acquiring an additional 25 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Teledyne Technologies by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 291,279 shares of the scientific and technical instruments company’s stock worth $127,481,000 after acquiring an additional 2,206 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of Teledyne Technologies by 70.4% during the third quarter. Intech Investment Management LLC now owns 11,019 shares of the scientific and technical instruments company’s stock valued at $4,823,000 after acquiring an additional 4,552 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

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.