Teledyne Technologies Incorporated (TDY) VP Melanie Susan Cibik Sells 4,000 Shares

Teledyne Technologies Incorporated (NYSE:TDY) VP Melanie Susan Cibik sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $146.20, for a total transaction of $584,800.00. Following the sale, the vice president now owns 26,280 shares in the company, valued at approximately $3,842,136. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Teledyne Technologies Incorporated (TDY) traded down 0.05% during trading on Friday, reaching $143.94. 172,422 shares of the company traded hands. The stock has a market capitalization of $5.09 billion, a PE ratio of 26.54 and a beta of 0.98. The firm’s 50-day moving average is $138.49 and its 200-day moving average is $131.84. Teledyne Technologies Incorporated has a 12-month low of $101.90 and a 12-month high of $148.62.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The company had revenue of $671.10 million during the quarter, compared to analyst estimates of $636.18 million. During the same period in the prior year, the business posted $1.32 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. On average, equities analysts predict that Teledyne Technologies Incorporated will post $5.69 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Neuburgh Advisers LLC raised its stake in Teledyne Technologies by 17.7% in the first quarter. Neuburgh Advisers LLC now owns 1,168 shares of the scientific and technical instruments company’s stock worth $148,000 after buying an additional 176 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Teledyne Technologies by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,188 shares of the scientific and technical instruments company’s stock valued at $149,000 after buying an additional 29 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Teledyne Technologies by 1,204.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock valued at $166,000 after buying an additional 1,204 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Teledyne Technologies by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock valued at $169,000 after buying an additional 177 shares during the period. Finally, ETF Managers Group LLC bought a new position in shares of Teledyne Technologies during the second quarter valued at approximately $181,000. Institutional investors own 83.17% of the company’s stock.

Several analysts recently issued reports on TDY shares. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Friday, June 2nd. BidaskClub upgraded shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Jefferies Group LLC reiterated a “hold” rating and set a $150.00 price target (up previously from $145.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. Finally, Needham & Company LLC upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research report on Wednesday, July 5th.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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

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