Teledyne Technologies (NYSE:TDY) VP Cynthia Belak Sells 4,528 Shares of Company Stock

Teledyne Technologies Incorporated (NYSE:TDY) VP Cynthia Belak sold 4,528 shares of the stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $657.45, for a total value of $2,976,933.60. Following the sale, the vice president directly owned 4,642 shares of the company’s stock, valued at approximately $3,051,882.90. This trade represents a 49.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Teledyne Technologies Stock Down 0.6%

Shares of Teledyne Technologies stock opened at $647.44 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 2.31. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. The stock has a market capitalization of $29.81 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 2.40 and a beta of 0.89. The company’s 50 day moving average price is $621.28 and its 200-day moving average price is $635.35.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 EPS for the quarter, topping the consensus estimate of $6.17 by $0.55. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Teledyne Technologies had a net margin of 15.75% and a return on equity of 10.89%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.57 earnings per share. Equities research analysts forecast that Teledyne Technologies Incorporated will post 25.58 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. CX Institutional lifted its position in shares of Teledyne Technologies by 2.8% in the 2nd quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company’s stock worth $411,000 after purchasing an additional 17 shares during the period. Lido Advisors LLC increased its position in shares of Teledyne Technologies by 1.1% during the third quarter. Lido Advisors LLC now owns 1,502 shares of the scientific and technical instruments company’s stock valued at $912,000 after buying an additional 17 shares during the period. Assetmark Inc. increased its position in shares of Teledyne Technologies by 10.5% during the first quarter. Assetmark Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $115,000 after buying an additional 18 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Teledyne Technologies by 0.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 5,698 shares of the scientific and technical instruments company’s stock valued at $3,458,000 after buying an additional 19 shares during the period. Finally, Parvin Asset Management LLC raised its stake in Teledyne Technologies by 12.5% in the first quarter. Parvin Asset Management LLC now owns 180 shares of the scientific and technical instruments company’s stock worth $109,000 after buying an additional 20 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on TDY. Stifel Nicolaus upped their price objective on shares of Teledyne Technologies from $775.00 to $795.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Morgan Stanley raised their target price on Teledyne Technologies from $715.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 3rd. Zacks Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Needham & Company LLC upped their price target on Teledyne Technologies from $760.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Finally, Weiss Ratings raised Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $731.83.

About Teledyne Technologies

Teledyne Technologies is an industrial technology company that develops and manufactures instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products and services support applications including environmental monitoring, marine research, scientific imaging, and industrial inspection. The company’s businesses include sensors and monitoring instruments, cameras and imaging systems, electronic components, and specialized engineering and manufacturing services.