Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik Sells 2,699 Shares

Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik sold 2,699 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $510.03, for a total value of $1,376,570.97. Following the completion of the sale, the executive vice president now directly owns 27,235 shares in the company, valued at approximately $13,890,667.05. The trade was a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Melanie Susan Cibik also recently made the following trade(s):

• On Monday, January 27th, Melanie Susan Cibik sold 2,538 shares of Teledyne Technologies stock. The shares were sold at an average price of $513.02, for a total transaction of $1,302,044.76.

Teledyne Technologies Price Performance

Shares of TDY stock opened at $508.81 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.35. The company has a market capitalization of $23.71 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The firm’s 50-day moving average is $476.25 and its two-hundred day moving average is $449.79. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $518.85.

Teledyne Technologies (NYSE:TDY) last released 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. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.44 EPS. Analysts predict that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current year.

Institutional Trading of Teledyne Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TDY. Covea Finance increased its position in shares of Teledyne Technologies by 25.1% during the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company’s stock valued at $9,932,000 after acquiring an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Teledyne Technologies by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after purchasing an additional 64,617 shares during the period. Verition Fund Management LLC increased its holdings in Teledyne Technologies by 240.5% in the 3rd quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company’s stock valued at $15,985,000 after purchasing an additional 25,796 shares during the last quarter. West Oak Capital LLC raised its position in Teledyne Technologies by 4,721.8% in the fourth quarter. West Oak Capital LLC now owns 11,283 shares of the scientific and technical instruments company’s stock valued at $5,237,000 after purchasing an additional 11,049 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Teledyne Technologies by 217.5% during the third quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company’s stock worth $23,554,000 after buying an additional 36,867 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.