Melanie Susan Cibik Sells 2,699 Shares of Teledyne Technologies Incorporated (NYSE:TDY) Stock

Teledyne Technologies Incorporated (NYSE:TDY) EVP Melanie Susan Cibik sold 2,699 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $510.03, for a total value of $1,376,570.97. Following the sale, the executive vice president now owns 27,235 shares in the company, valued at approximately $13,890,667.05. The trade was a 9.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Melanie Susan Cibik also recently made the following trade(s):

• On Monday, January 27th, Melanie Susan Cibik sold 2,538 shares of Teledyne Technologies stock. The stock was sold at an average price of $513.02, for a total value of $1,302,044.76.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded down $0.37 on Wednesday, hitting $508.81. The company’s stock had a trading volume of 226,306 shares, compared to its average volume of 265,378. The company has a market capitalization of $23.71 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $518.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.33. The firm has a fifty day moving average price of $476.25 and a 200-day moving average price of $449.79.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the company posted $5.44 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current fiscal year.

Institutional Trading of Teledyne Technologies

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in Teledyne Technologies by 44,457.2% in the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock worth $32,372,000 after buying an additional 73,799 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Teledyne Technologies by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after buying an additional 64,617 shares in the last quarter. Millennium Management LLC raised its position in shares of Teledyne Technologies by 88.4% in the second quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock valued at $49,565,000 after buying an additional 59,942 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Teledyne Technologies in the fourth quarter worth about $19,310,000. Finally, State Street Corp boosted its position in Teledyne Technologies by 1.9% during the third quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company’s stock worth $893,219,000 after acquiring an additional 37,884 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

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

About Teledyne Technologies

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.