Teledyne Technologies Inc. (NYSE:TDY) VP Cynthia Y. Belak sold 4,046 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $117.38, for a total value of $474,919.48. Following the completion of the sale, the vice president now owns 8,258 shares of the company’s stock, valued at $969,324.04. The sale was disclosed in a filing with the SEC, which is available at this link.

Teledyne Technologies Inc. (NYSE:TDY) opened at 119.43 on Wednesday. The firm has a 50-day moving average of $107.34 and a 200-day moving average of $103.19. The stock has a market capitalization of $4.17 billion, a PE ratio of 21.88 and a beta of 0.91. Teledyne Technologies Inc. has a 52-week low of $73.66 and a 52-week high of $119.81.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Thursday, November 3rd. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $526.80 million for the quarter, compared to the consensus estimate of $553.02 million. Teledyne Technologies had a net margin of 8.74% and a return on equity of 13.03%. Teledyne Technologies’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. On average, equities analysts expect that Teledyne Technologies Inc. will post $5.24 EPS for the current year.

Insider Buying and Selling by Quarter for Teledyne Technologies (NYSE:TDY)

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE increased its position in Teledyne Technologies by 0.4% in the second quarter. US Bancorp DE now owns 3,680 shares of the company’s stock valued at $365,000 after buying an additional 13 shares during the last quarter. Hsbc Holdings PLC increased its position in Teledyne Technologies by 0.9% in the third quarter. Hsbc Holdings PLC now owns 2,769 shares of the company’s stock valued at $299,000 after buying an additional 24 shares during the last quarter. Scout Investments Inc. increased its position in Teledyne Technologies by 0.3% in the second quarter. Scout Investments Inc. now owns 37,725 shares of the company’s stock valued at $3,737,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its position in Teledyne Technologies by 0.7% in the third quarter. Arizona State Retirement System now owns 13,561 shares of the company’s stock valued at $1,464,000 after buying an additional 100 shares during the last quarter. Finally, State Treasurer State of Michigan increased its position in Teledyne Technologies by 0.7% in the third quarter. State Treasurer State of Michigan now owns 13,900 shares of the company’s stock valued at $1,500,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 88.86% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Jefferies Group increased their price target on Teledyne Technologies from $90.00 to $105.00 and gave the company a “hold” rating in a report on Friday, August 5th.

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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