Insider Selling: Teledyne Technologies Incorporated (NYSE:TDY) VP Sells 2,500 Shares of Stock

Teledyne Technologies Incorporated (NYSE:TDY) VP Stephen Finis Blackwood sold 2,500 shares of Teledyne Technologies stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $349.29, for a total value of $873,225.00. Following the completion of the transaction, the vice president now directly owns 11,754 shares in the company, valued at $4,105,554.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Stephen Finis Blackwood also recently made the following trade(s):

  • On Tuesday, November 19th, Stephen Finis Blackwood sold 5,000 shares of Teledyne Technologies stock. The shares were sold at an average price of $346.73, for a total value of $1,733,650.00.

Shares of NYSE TDY traded up $3.44 during midday trading on Friday, hitting $349.76. The stock had a trading volume of 359,929 shares, compared to its average volume of 195,223. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 4.44 and a beta of 1.09. Teledyne Technologies Incorporated has a 1-year low of $189.35 and a 1-year high of $351.40. The company has a quick ratio of 1.00, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $330.21 and a 200 day moving average price of $292.48.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.31. The business had revenue of $802.20 million for the quarter, compared to analyst estimates of $786.55 million. Teledyne Technologies had a return on equity of 15.52% and a net margin of 12.27%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS. On average, research analysts forecast that Teledyne Technologies Incorporated will post 10.4 EPS for the current year.

Several equities analysts have recently weighed in on TDY shares. Needham & Company LLC lifted their price objective on Teledyne Technologies from $275.00 to $328.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. ValuEngine lowered Teledyne Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Cowen set a $375.00 price objective on Teledyne Technologies and gave the company a “buy” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $312.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC acquired a new position in shares of Teledyne Technologies in the 3rd quarter valued at about $26,000. Valeo Financial Advisors LLC acquired a new position in Teledyne Technologies during the 3rd quarter worth approximately $32,000. Berman Capital Advisors LLC lifted its position in Teledyne Technologies by 85.3% during the 2nd quarter. Berman Capital Advisors LLC now owns 139 shares of the scientific and technical instruments company’s stock worth $38,000 after acquiring an additional 64 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its position in Teledyne Technologies by 217.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 168 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 115 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in Teledyne Technologies by 112.5% during the 2nd quarter. Advisory Services Network LLC now owns 187 shares of the scientific and technical instruments company’s stock worth $51,000 after acquiring an additional 99 shares in the last quarter. 85.40% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.

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Insider Buying and Selling by Quarter for Teledyne Technologies (NYSE:TDY)

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