Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik Sells 2,538 Shares

Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik sold 2,538 shares of Teledyne Technologies stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $513.02, for a total value of $1,302,044.76. Following the sale, the executive vice president now directly owns 32,100 shares in the company, valued at $16,467,942. The trade was a 7.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Teledyne Technologies Stock Performance

TDY stock opened at $509.22 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.35. The company has a 50 day moving average price of $475.48 and a 200 day moving average price of $449.37. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $518.85. The stock has a market capitalization of $23.73 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the company posted $5.44 EPS. Teledyne Technologies’s revenue was up 5.4% on a year-over-year basis. Analysts forecast that Teledyne Technologies Incorporated will post 21.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TDY. TD Cowen lifted their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $450.00 to $550.00 in a report on Friday, November 8th. UBS Group started coverage on 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 raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC boosted their target price on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $531.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. bought a new position in Teledyne Technologies in the 4th quarter worth approximately $46,000. WCM Investment Management LLC raised its position in shares of Teledyne Technologies by 9.3% during the 4th quarter. WCM Investment Management LLC now owns 3,929 shares of the scientific and technical instruments company’s stock valued at $1,828,000 after acquiring an additional 334 shares during the last quarter. EULAV Asset Management raised its position in shares of Teledyne Technologies by 78.5% during the 4th quarter. EULAV Asset Management now owns 43,200 shares of the scientific and technical instruments company’s stock valued at $20,050,000 after acquiring an additional 19,000 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Teledyne Technologies during the 4th quarter valued at $376,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Teledyne Technologies by 10.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,515 shares of the scientific and technical instruments company’s stock valued at $3,024,000 after acquiring an additional 640 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Company Profile

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.