Jason Vanwees Sells 3,996 Shares of Teledyne Technologies Inc. (TDY) Stock
Teledyne Technologies Inc. (NYSE:TDY) SVP Jason Vanwees sold 3,996 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $115.49, for a total value of $461,498.04. Following the sale, the senior vice president now owns 32,013 shares in the company, valued at $3,697,181.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Teledyne Technologies Inc. (NYSE:TDY) opened at 119.43 on Wednesday. The stock has a market capitalization of $4.17 billion, a P/E ratio of 21.88 and a beta of 0.91. The stock has a 50 day moving average price of $107.34 and a 200 day moving average price of $103.19. Teledyne Technologies Inc. has a 12 month low of $73.66 and a 12 month high of $119.81.
Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, November 3rd. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.15. Teledyne Technologies had a return on equity of 13.03% and a net margin of 8.74%. The company had revenue of $526.80 million for the quarter, compared to analyst estimates of $553.02 million. During the same period last year, the company earned $1.34 earnings per share. The business’s revenue was down 4.5% compared to the same quarter last year. On average, analysts anticipate that Teledyne Technologies Inc. will post $5.24 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. raised its position in Teledyne Technologies by 42.0% in the second quarter. Panagora Asset Management Inc. now owns 1,065 shares of the company’s stock valued at $105,000 after buying an additional 315 shares during the period. Bank of Montreal Can bought a new position in Teledyne Technologies during the second quarter valued at $106,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Teledyne Technologies by 12.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,148 shares of the company’s stock valued at $124,000 after buying an additional 123 shares during the period. Springbok Capital Management LLC raised its position in Teledyne Technologies by 800.0% in the first quarter. Springbok Capital Management LLC now owns 1,800 shares of the company’s stock valued at $159,000 after buying an additional 1,600 shares during the period. Finally, Sei Investments Co. raised its position in Teledyne Technologies by 63.4% in the second quarter. Sei Investments Co. now owns 1,791 shares of the company’s stock valued at $178,000 after buying an additional 695 shares during the period. Institutional investors own 88.86% of the company’s stock.
TDY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Wednesday, October 5th. Jefferies Group boosted their target price on Teledyne Technologies from $90.00 to $105.00 and gave the stock a “hold” rating in a research 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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