Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) Director Charles Crocker sold 3,477 shares of the business’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $422.00, for a total transaction of $1,467,294.00. Following the completion of the transaction, the director now owns 45,513 shares of the company’s stock, valued at approximately $19,206,486. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link.
Teledyne Technologies Price Performance
Shares of TDY opened at $418.86 on Tuesday. Teledyne Technologies Incorporated has a 1-year low of $325.00 and a 1-year high of $493.97. The stock has a market cap of $19.63 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 3.06 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.85 and a quick ratio of 1.27. The firm has a fifty day moving average price of $409.63 and a 200 day moving average price of $389.89.
Teledyne Technologies (NYSE:TDY – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The scientific and technical instruments company reported $4.94 earnings per share for the quarter, beating analysts’ consensus estimates of $4.54 by $0.40. Teledyne Technologies had a net margin of 14.45% and a return on equity of 11.01%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company earned $4.56 earnings per share. Teledyne Technologies’ quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.22 EPS for the current year.
Institutional Investors Weigh In On Teledyne Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. Castle Wealth Management LLC purchased a new stake in shares of Teledyne Technologies in the second quarter valued at about $26,000. Accurate Wealth Management LLC purchased a new stake in shares of Teledyne Technologies in the fourth quarter valued at about $28,000. WD Rutherford LLC purchased a new stake in shares of Teledyne Technologies in the second quarter valued at about $30,000. Clear Street Markets LLC raised its holdings in shares of Teledyne Technologies by 415.8% in the second quarter. Clear Street Markets LLC now owns 98 shares of the scientific and technical instruments company’s stock valued at $37,000 after buying an additional 79 shares during the last quarter. Finally, FourThought Financial LLC raised its holdings in shares of Teledyne Technologies by 53.8% in the third quarter. FourThought Financial LLC now owns 140 shares of the scientific and technical instruments company’s stock valued at $47,000 after buying an additional 49 shares during the last quarter. 91.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on TDY. StockNews.com began coverage on shares of Teledyne Technologies in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group began coverage on shares of Teledyne Technologies in a research note on Monday, December 12th. They issued an “outperform” rating and a $503.00 price target for the company. Morgan Stanley upgraded shares of Teledyne Technologies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $445.00 to $488.00 in a research note on Monday, December 12th. Finally, Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $472.00 to $498.00 and gave the stock a “buy” rating in a research note on Thursday, January 26th. Two equity research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $496.33.
Teledyne Technologies Company Profile
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Teledyne Technologies, Inc. engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial, and other applications, and electronic test and measurement equipment.
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