Teledyne Technologies Incorporated (NYSE:TDY – Get Free Report) Vice Chairman Jason Vanwees sold 5,000 shares of Teledyne Technologies stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $630.92, for a total transaction of $3,154,600.00. Following the completion of the sale, the insider owned 51,025 shares of the company’s stock, valued at $32,192,693. This represents a 8.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Jason Vanwees also recently made the following trade(s):
- On Tuesday, February 3rd, Jason Vanwees sold 2,500 shares of Teledyne Technologies stock. The stock was sold at an average price of $630.46, for a total transaction of $1,576,150.00.
Teledyne Technologies Stock Down 2.0%
Shares of TDY traded down $13.01 on Wednesday, reaching $627.41. The company’s stock had a trading volume of 269,196 shares, compared to its average volume of 446,466. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $646.64. The stock has a market capitalization of $29.46 billion, a PE ratio of 33.17, a PEG ratio of 2.62 and a beta of 1.01. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $543.14 and a 200-day moving average of $544.35.
Institutional Investors Weigh In On Teledyne Technologies
A number of hedge funds have recently modified their holdings of TDY. Jones Financial Companies Lllp lifted its position in Teledyne Technologies by 874.5% during the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock valued at $970,000 after purchasing an additional 1,749 shares during the last quarter. Empowered Funds LLC increased its stake in Teledyne Technologies by 78.6% during the first quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock worth $772,000 after acquiring an additional 683 shares during the last quarter. Focus Partners Wealth raised its position in Teledyne Technologies by 48.4% during the first quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock valued at $416,000 after purchasing an additional 272 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Teledyne Technologies by 10.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,520 shares of the scientific and technical instruments company’s stock valued at $2,828,000 after purchasing an additional 502 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Teledyne Technologies by 6.7% during the 2nd quarter. QRG Capital Management Inc. now owns 590 shares of the scientific and technical instruments company’s stock valued at $302,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on TDY. Citigroup raised their target price on shares of Teledyne Technologies from $567.00 to $604.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Morgan Stanley initiated coverage on Teledyne Technologies in a research report on Wednesday, January 21st. They set an “equal weight” rating and a $620.00 price objective on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Stifel Nicolaus increased their price objective on Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $627.88.
View Our Latest Analysis on TDY
Teledyne Technologies Company Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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