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 firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $488.71, for a total value of $733,065.00. Following the sale, the insider now directly owns 2,900 shares of the company’s stock, valued at $1,417,259. This represents a 34.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Teledyne Technologies Stock Up 0.5 %

Shares of NYSE TDY traded up $2.30 during mid-day trading on Friday, reaching $467.25. 609,187 shares of the company’s stock traded hands, compared to its average volume of 243,270. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The business has a 50-day simple moving average of $469.79 and a 200 day simple moving average of $431.77. 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. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $492.00.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.05 EPS. On average, analysts expect that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Teledyne Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of TDY. Tortoise Investment Management LLC boosted its holdings in Teledyne Technologies by 48.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 24 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Teledyne Technologies by 1.6% during the third quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock valued at $663,000 after purchasing an additional 24 shares in the last quarter. Crumly & Associates Inc. boosted its holdings in Teledyne Technologies by 3.8% during the third quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock worth $296,000 after purchasing an additional 25 shares during the last quarter. Raymond James Trust N.A. grew its position in Teledyne Technologies by 4.8% in the 3rd quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock worth $241,000 after purchasing an additional 25 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in Teledyne Technologies by 4.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock valued at $298,000 after buying an additional 26 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Cowen raised their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Needham & Company LLC raised 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. UBS Group initiated coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective on the stock. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Buy” and an average target price of $531.00.

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.