Teledyne Technologies Incorporated (NYSE:TDY) VP Cynthia Y. Belak sold 1,700 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $185.44, for a total value of $315,248.00. Following the completion of the sale, the vice president now directly owns 6,903 shares of the company’s stock, valued at $1,280,092.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Teledyne Technologies Incorporated (NYSE:TDY) traded down $1.57 during trading hours on Monday, reaching $181.92. The company had a trading volume of 113,837 shares, compared to its average volume of 165,182. The firm has a market cap of $6,502.24, a PE ratio of 27.76, a P/E/G ratio of 3.65 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98. Teledyne Technologies Incorporated has a 1-year low of $119.67 and a 1-year high of $186.54.
Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.34. The business had revenue of $662.20 million during the quarter, compared to analysts’ expectations of $656.20 million. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period last year, the firm posted $1.46 EPS. equities research analysts predict that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current fiscal year.
TDY has been the subject of a number of recent analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $150.00 price objective (up from $145.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. Needham & Company LLC raised their price objective on Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $175.33.
A number of large investors have recently added to or reduced their stakes in TDY. Janus Henderson Group PLC acquired a new stake in Teledyne Technologies during the 2nd quarter worth approximately $280,989,000. Cramer Rosenthal Mcglynn LLC acquired a new stake in Teledyne Technologies during the 3rd quarter worth approximately $42,263,000. Westfield Capital Management Co. LP acquired a new stake in Teledyne Technologies during the 3rd quarter worth approximately $27,400,000. CI Investments Inc. acquired a new stake in Teledyne Technologies during the 3rd quarter worth approximately $20,298,000. Finally, Principal Financial Group Inc. lifted its holdings in Teledyne Technologies by 85.5% during the 2nd quarter. Principal Financial Group Inc. now owns 268,662 shares of the scientific and technical instruments company’s stock worth $34,295,000 after purchasing an additional 123,831 shares during the last quarter. 84.11% of the stock is owned by institutional investors and hedge funds.
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About Teledyne Technologies
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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