Sue Main Sells 7,000 Shares of Teledyne Technologies Inc. (TDY) Stock
Teledyne Technologies Inc. (NYSE:TDY) CFO Sue Main sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $117.09, for a total transaction of $819,630.00. Following the completion of the sale, the chief financial officer now owns 39,179 shares in the company, valued at approximately $4,587,469.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Sue Main also recently made the following trade(s):
- On Tuesday, August 16th, Sue Main sold 6,660 shares of Teledyne Technologies stock. The shares were sold at an average price of $106.52, for a total transaction of $709,423.20.
Teledyne Technologies Inc. (NYSE:TDY) opened at 119.43 on Wednesday. The company 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 12-month low of $73.66 and a 12-month high of $119.81. The stock has a 50 day moving average of $107.34 and a 200 day moving average of $103.19.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. The company had revenue of $526.80 million for the quarter, compared to analyst estimates of $553.02 million. Teledyne Technologies had a net margin of 8.74% and a return on equity of 13.03%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. On average, equities research analysts predict that Teledyne Technologies Inc. will post $5.24 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Janus Capital Management LLC raised its stake in shares of 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 stake in shares of 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. BlackRock Fund Advisors raised its stake in shares of 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. State Street Corp raised its stake in shares of 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. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Teledyne Technologies by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,036,060 shares of the company’s stock valued at $102,622,000 after buying an additional 17,058 shares during the period. Institutional investors and hedge funds own 88.86% of the company’s stock.
Several equities research analysts have commented on the stock. Jefferies Group raised their price target on shares of Teledyne Technologies from $90.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, August 5th. Zacks Investment Research upgraded shares of 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.
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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