Teledyne Technologies Incorporated (NYSE:TDY) COO Sells $3,203,013.16 in Stock

Teledyne Technologies Incorporated (NYSE:TDY) COO George C. Bobb III sold 6,308 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the completion of the sale, the chief operating officer now directly owns 10,482 shares of the company’s stock, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Teledyne Technologies Stock Performance

TDY stock opened at $508.81 on Thursday. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $518.85. The business has a 50-day moving average price of $476.25 and a 200 day moving average price of $449.79. The company has a market capitalization of $23.71 billion, a P/E ratio of 29.53, a PEG ratio of 3.24 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.35.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business posted $5.44 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. TD Cowen raised their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Needham & Company LLC upped their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. UBS Group assumed coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective for the company. Finally, Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $531.00.

Institutional Trading of Teledyne Technologies

A number of hedge funds have recently bought and sold shares of TDY. Wolff Wiese Magana LLC bought a new position in shares of Teledyne Technologies in the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new position in Teledyne Technologies in the third quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new position in Teledyne Technologies in the third quarter worth about $39,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Teledyne Technologies in the 4th quarter valued at about $46,000. Finally, Quarry LP grew its position in shares of Teledyne Technologies by 706.3% in the 2nd quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock worth $50,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.