Teledyne Technologies Inc. (NYSE:TDY) VP George C. Bobb III sold 2,666 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $118.08, for a total transaction of $314,801.28. Following the transaction, the vice president now directly owns 8,631 shares of the company’s stock, valued at approximately $1,019,148.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Teledyne Technologies Inc. (NYSE:TDY) traded down 0.03% on Thursday, hitting $120.35. 67,165 shares of the stock traded hands. The firm’s 50 day moving average is $107.68 and its 200 day moving average is $103.31. Teledyne Technologies Inc. has a 52 week low of $73.66 and a 52 week high of $122.04. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 22.05 and a beta of 0.91.

Teledyne Technologies (NYSE:TDY) last released 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 firm earned $526.80 million during 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 revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 EPS. Equities analysts anticipate that Teledyne Technologies Inc. will post $5.24 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cardinal Capital Management increased its position in Teledyne Technologies by 8.8% in the third quarter. Cardinal Capital Management now owns 4,086 shares of the company’s stock valued at $441,000 after buying an additional 332 shares during the last quarter. Sprucegrove Investment Management Ltd. increased its position in Teledyne Technologies by 7.7% in the second quarter. Sprucegrove Investment Management Ltd. now owns 100,200 shares of the company’s stock valued at $9,925,000 after buying an additional 7,200 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. BlackRock Group LTD increased its position in Teledyne Technologies by 23.6% in the first quarter. BlackRock Group LTD now owns 21,789 shares of the company’s stock valued at $1,921,000 after buying an additional 4,164 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Teledyne Technologies by 2,337.2% in the second quarter. BNP Paribas Arbitrage SA now owns 17,036 shares of the company’s stock valued at $1,687,000 after buying an additional 16,337 shares during the last quarter. 88.86% of the stock is owned by hedge funds and other institutional investors.

TDY has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Teledyne Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Jefferies Group boosted their target price on shares of Teledyne Technologies from $90.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, August 5th.

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.

5 Day Chart for NYSE:TDY

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