Insider Selling: Teledyne Technologies Inc. (TDY) Chairman Sells $4,049,150.00 in Stock
Teledyne Technologies Inc. (NYSE:TDY) Chairman Robert Mehrabian sold 35,000 shares of Teledyne Technologies stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $115.69, for a total value of $4,049,150.00. Following the transaction, the chairman now directly owns 279,029 shares of the company’s stock, valued at $32,280,865.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Robert Mehrabian also recently made the following trade(s):
- On Tuesday, August 16th, Robert Mehrabian sold 23,300 shares of Teledyne Technologies stock. The stock was sold at an average price of $106.54, for a total value of $2,482,382.00.
Teledyne Technologies Inc. (NYSE:TDY) opened at 120.27 on Tuesday. The firm has a market capitalization of $4.28 billion, a PE ratio of 22.03 and a beta of 0.91. The company’s 50-day moving average price is $106.71 and its 200 day moving average price is $102.70. Teledyne Technologies Inc. has a one year low of $73.66 and a one year high of $122.04.
Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, November 3rd. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.15. The company earned $526.80 million during the quarter, compared to analyst estimates of $553.02 million. Teledyne Technologies had a return on equity of 13.03% and a net margin of 8.74%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 earnings per share. On average, analysts forecast that Teledyne Technologies Inc. will post $5.24 earnings per share for the current year.
Several brokerages recently issued reports on TDY. Jefferies Group lifted their price objective on Teledyne Technologies from $90.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, August 5th. Zacks Investment Research raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Wednesday, October 5th.
Institutional investors have recently bought and sold shares of the stock. Janus Capital Management LLC raised its position in Teledyne Technologies by 12.7% in the second quarter. Janus Capital Management LLC now owns 2,390,540 shares of the company’s stock valued at $236,783,000 after buying an additional 269,001 shares during the period. Vanguard Group Inc. raised its position in Teledyne Technologies by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,359,411 shares of the company’s stock valued at $233,700,000 after buying an additional 59,680 shares during the period. Wellington Management Group LLP raised its position in Teledyne Technologies by 0.5% in the first quarter. Wellington Management Group LLP now owns 2,018,006 shares of the company’s stock valued at $177,868,000 after buying an additional 10,200 shares during the period. BlackRock Fund Advisors raised its position in Teledyne Technologies by 6.5% in the third quarter. BlackRock Fund Advisors now owns 1,956,883 shares of the company’s stock valued at $211,206,000 after buying an additional 118,863 shares during the period. Finally, State Street Corp raised its position in Teledyne Technologies by 0.6% in the first quarter. State Street Corp now owns 1,190,777 shares of the company’s stock valued at $104,951,000 after buying an additional 6,887 shares during the period. 88.86% of the stock is owned by institutional investors.
About Teledyne Technologies
Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to a range of markets, which include deepwater oil and gas exploration and production, oceanographic research, and air and water quality environmental monitoring. Its products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, and electronic test and measurement equipment.
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