Aldo Pichelli Sells 12,000 Shares of Teledyne Technologies Inc. (TDY) Stock
Teledyne Technologies Inc. (NYSE:TDY) COO Aldo Pichelli sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $119.43, for a total transaction of $1,433,160.00. Following the completion of the sale, the chief operating officer now owns 89,366 shares in the company, valued at approximately $10,672,981.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Aldo Pichelli also recently made the following trade(s):
- On Monday, August 29th, Aldo Pichelli sold 6,660 shares of Teledyne Technologies stock. The shares were sold at an average price of $108.00, for a total transaction of $719,280.00.
Teledyne Technologies Inc. (NYSE:TDY) opened at 120.39 on Thursday. The stock’s 50 day moving average is $107.68 and its 200-day moving average is $103.31. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 22.05 and a beta of 0.91. 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.15. The business 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%. Teledyne Technologies’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 EPS. On average, equities research analysts expect that Teledyne Technologies Inc. will post $5.24 earnings per share for the current fiscal year.
A number of analysts have weighed in on TDY shares. Zacks Investment Research upgraded shares of 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 lifted their price target on shares of Teledyne Technologies from $90.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, August 5th.
Hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. raised its stake in Teledyne Technologies by 42.0% in the second quarter. Panagora Asset Management Inc. now owns 1,065 shares of the company’s stock worth $105,000 after buying an additional 315 shares during the period. Bank of Montreal Can purchased a new stake in Teledyne Technologies during the second quarter worth $106,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Teledyne Technologies by 12.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,148 shares of the company’s stock worth $124,000 after buying an additional 123 shares during the period. Sei Investments Co. raised its stake in Teledyne Technologies by 63.4% in the second quarter. Sei Investments Co. now owns 1,791 shares of the company’s stock worth $178,000 after buying an additional 695 shares during the period. Finally, Springbok Capital Management LLC raised its stake in Teledyne Technologies by 800.0% in the first quarter. Springbok Capital Management LLC now owns 1,800 shares of the company’s stock worth $159,000 after buying an additional 1,600 shares during the period. 88.86% of the stock is currently owned by institutional investors and hedge funds.
Teledyne Technologies Company Profile
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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