Cynthia Y. Belak Sells 4,000 Shares of Teledyne Technologies Incorporated (TDY) Stock
Teledyne Technologies Incorporated (NYSE:TDY) VP Cynthia Y. Belak sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $185.19, for a total value of $740,760.00. Following the sale, the vice president now directly owns 6,903 shares in the company, valued at approximately $1,278,366.57. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Teledyne Technologies Incorporated (NYSE:TDY) traded down $1.57 during mid-day trading on Monday, reaching $181.92. The company had a trading volume of 113,837 shares, compared to its average volume of 165,182. Teledyne Technologies Incorporated has a 12-month low of $119.67 and a 12-month high of $186.54. The company has a current ratio of 1.98, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The stock has a market cap of $6,502.24, a price-to-earnings ratio of 27.76, a P/E/G ratio of 3.65 and a beta of 1.03.
Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.34. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The firm had revenue of $662.20 million for the quarter, compared to analyst estimates of $656.20 million. During the same quarter in the prior year, the company earned $1.46 EPS. Teledyne Technologies’s revenue was up 25.7% on a year-over-year basis. analysts anticipate that Teledyne Technologies Incorporated will post 6.7 EPS for the current year.
TDY has been the topic of several research analyst reports. Zacks Investment Research raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research note on Tuesday, August 8th. BidaskClub raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $157.00 price target (up previously from $148.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. Jefferies Group reissued a “hold” rating and set a $150.00 price target (up previously from $145.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. Finally, ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $175.33.
A number of hedge funds have recently bought and sold shares of TDY. Tower Research Capital LLC TRC lifted its stake in Teledyne Technologies by 1,204.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock valued at $166,000 after buying an additional 1,204 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Teledyne Technologies by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock valued at $169,000 after buying an additional 177 shares in the last quarter. ETF Managers Group LLC purchased a new stake in Teledyne Technologies in the 2nd quarter valued at approximately $181,000. Zions Bancorporation purchased a new stake in Teledyne Technologies in the 3rd quarter valued at approximately $220,000. Finally, AMP Capital Investors Ltd purchased a new stake in Teledyne Technologies in the 3rd quarter valued at approximately $223,000. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
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Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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