Jason Vanwees Sells 1,500 Shares of Teledyne Technologies Incorporated (NYSE:TDY) Stock

Teledyne Technologies Incorporated (NYSE:TDY) Vice Chairman Jason Vanwees sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $488.71, for a total value of $733,065.00. Following the completion of the sale, the insider now directly owns 2,900 shares in the company, valued at approximately $1,417,259. The trade was a 34.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Teledyne Technologies Price Performance

NYSE:TDY opened at $467.25 on Friday. The company has a market capitalization of $21.77 billion, a P/E ratio of 23.62, a P/E/G ratio of 3.30 and a beta of 1.01. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $492.00. The stock’s fifty day moving average is $470.05 and its two-hundred day moving average is $432.54.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the company posted $5.05 earnings per share. Teledyne Technologies’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts expect that Teledyne Technologies Incorporated will post 19.45 EPS for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Teledyne Technologies

A number of hedge funds have recently made changes to their positions in TDY. Wolff Wiese Magana LLC acquired a new position in Teledyne Technologies during the third quarter worth $27,000. Innealta Capital LLC acquired a new position in Teledyne Technologies during the 2nd quarter worth about $28,000. Tortoise Investment Management LLC lifted its stake in Teledyne Technologies by 48.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 24 shares in the last quarter. Brooklyn Investment Group acquired a new position in Teledyne Technologies in the 3rd quarter valued at about $32,000. Finally, Crewe Advisors LLC grew its position in Teledyne Technologies by 319.0% in the 2nd quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 67 shares in 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.