Melanie Susan Cibik Sells 2,699 Shares of Teledyne Technologies Incorporated (NYSE:TDY) Stock

Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik sold 2,699 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $510.03, for a total transaction of $1,376,570.97. Following the transaction, the executive vice president now owns 27,235 shares of the company’s stock, valued at approximately $13,890,667.05. This represents a 9.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Melanie Susan Cibik also recently made the following trade(s):

• On Monday, January 27th, Melanie Susan Cibik sold 2,538 shares of Teledyne Technologies stock. The stock was sold at an average price of $513.02, for a total transaction of $1,302,044.76.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $519.03 on Friday. The stock has a market capitalization of $24.19 billion, a PE ratio of 30.12, a PEG ratio of 3.24 and a beta of 1.01. The business’s 50 day simple moving average is $476.25 and its 200 day simple moving average is $449.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.35. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $519.38.

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 company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $5.44 earnings per share. Teledyne Technologies’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TDY. American Century Companies Inc. increased its holdings in Teledyne Technologies by 7.3% in the second quarter. American Century Companies Inc. now owns 2,929 shares of the scientific and technical instruments company’s stock worth $1,136,000 after purchasing an additional 199 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Teledyne Technologies by 80.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,810 shares of the scientific and technical instruments company’s stock valued at $702,000 after acquiring an additional 805 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Teledyne Technologies by 605.2% during the 2nd quarter. Squarepoint Ops LLC now owns 9,027 shares of the scientific and technical instruments company’s stock valued at $3,502,000 after acquiring an additional 7,747 shares during the period. AQR Capital Management LLC boosted its stake in Teledyne Technologies by 1.5% during the second quarter. AQR Capital Management LLC now owns 9,275 shares of the scientific and technical instruments company’s stock worth $3,591,000 after acquiring an additional 141 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in Teledyne Technologies in the second quarter worth $1,197,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDY has been the topic of several recent research reports. Needham & Company LLC raised their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen lifted their price target on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group began coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective for the company. Finally, Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.