Teledyne Technologies Incorporated (NYSE:TDY) Director Charles Crocker sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $183.00, for a total transaction of $732,000.00. Following the completion of the sale, the director now directly owns 47,488 shares of the company’s stock, valued at $8,690,304. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Teledyne Technologies Incorporated (NYSE:TDY) traded down $2.91 during trading hours on Wednesday, reaching $189.31. 81,507 shares of the company traded hands, compared to its average volume of 164,311. Teledyne Technologies Incorporated has a 1 year low of $121.58 and a 1 year high of $201.40. The firm has a market cap of $6,886.93, a PE ratio of 30.28, a P/E/G ratio of 3.41 and a beta of 1.02. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.21. Teledyne Technologies had a net margin of 8.73% and a return on equity of 14.07%. The company had revenue of $704.40 million during the quarter, compared to analysts’ expectations of $669.25 million. During the same quarter in the prior year, the company posted $1.64 EPS. The business’s revenue was up 27.4% on a year-over-year basis. research analysts forecast that Teledyne Technologies Incorporated will post 7.55 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its position in shares of Teledyne Technologies by 11.2% during the 3rd quarter. Rhumbline Advisers now owns 76,533 shares of the scientific and technical instruments company’s stock worth $12,183,000 after purchasing an additional 7,714 shares in the last quarter. TT International increased its position in shares of Teledyne Technologies by 73.2% during the 3rd quarter. TT International now owns 30,320 shares of the scientific and technical instruments company’s stock worth $4,826,000 after purchasing an additional 12,816 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Teledyne Technologies by 18.3% during the 3rd quarter. Brown Advisory Inc. now owns 3,640 shares of the scientific and technical instruments company’s stock worth $579,000 after purchasing an additional 563 shares in the last quarter. Sei Investments Co. grew its holdings in Teledyne Technologies by 37.4% during the 3rd quarter. Sei Investments Co. now owns 2,337 shares of the scientific and technical instruments company’s stock worth $373,000 after acquiring an additional 636 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Teledyne Technologies by 14.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 31,697 shares of the scientific and technical instruments company’s stock worth $5,046,000 after acquiring an additional 3,929 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.
Several analysts recently issued reports on TDY shares. Zacks Investment Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Needham & Company LLC upped their target price on shares of Teledyne Technologies to $205.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Teledyne Technologies has an average rating of “Buy” and a consensus target price of $196.00.
ILLEGAL ACTIVITY WARNING: “Teledyne Technologies Incorporated (TDY) Director Charles Crocker Sells 4,000 Shares” was published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thelincolnianonline.com/2018/03/14/teledyne-technologies-incorporated-tdy-director-sells-732000-00-in-stock.html.
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.
Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.