Teledyne Technologies Director Sells $333,800 in Stock (TDY)
Teledyne Technologies (NYSE:TDY) Director Schack Wesley Von sold 4,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $83.45, for a total transaction of $333,800.00. Following the transaction, the director now directly owns 11,172 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on TDY. Analysts at Jefferies Group raised their price target on shares of Teledyne Technologies (NYSE:TDY) from $75.00 to $85.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of Teledyne Technologies (NYSE:TDY) from $82.00 to $90.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Finally, analysts at Drexel Hamilton upgraded shares of Teledyne Technologies (NYSE:TDY) from a “hold” rating to a “buy” rating in a research note to investors on Friday, July 12th.
Shares of Teledyne Technologies (NYSE:TDY) traded up 0.97% during mid-day trading on Monday, hitting $83.56. 61,493 shares of the company’s stock traded hands. Teledyne Technologies has a 1-year low of $59.61 and a 1-year high of $84.06. The stock has a 50-day moving average of $80.65 and a 200-day moving average of $77.89. The company has a market cap of $3.128 billion and a P/E ratio of 18.11.
Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. The company had revenue of $601.00 million for the quarter, compared to the consensus estimate of $574.96 million. During the same quarter last year, the company posted $1.06 earnings per share. Teledyne Technologies’s revenue was up 15.9% compared to the same quarter last year. On average, analysts predict that Teledyne Technologies will post $4.55 earnings per share for the current fiscal year.
Teledyne Technologies Incorporated (NYSE:TDY) is a provider of electronic subsystems and instrumentation, including aerospace and defense electronics, digital imaging products and software, monitoring instrumentation for marine and environmental applications, harsh environment interconnect products, and subsystems for satellite communications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.