Teledyne Technologies Director Paul David Miller Sells 3,451 Shares (TDY)
Teledyne Technologies (NYSE:TDY) Director Paul David Miller sold 3,451 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $87.23, for a total transaction of $301,030.73. Following the completion of the transaction, the director now directly owns 16,853 shares of the company’s stock, valued at approximately $1,470,087. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $90.00 to $100.00 in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock.
Shares of Teledyne Technologies (NYSE:TDY) traded up 1.31% during mid-day trading on Monday, hitting $88.68. The stock had a trading volume of 154,942 shares. Teledyne Technologies has a 52 week low of $59.61 and a 52 week high of $91.52. The stock has a 50-day moving average of $86.51 and a 200-day moving average of $80.26. The company has a market cap of $3.379 billion and a P/E ratio of 18.82.
Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, October 24th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.09. The company had revenue of $571.60 million for the quarter, compared to the consensus estimate of $599.69 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Teledyne Technologies will post $4.65 EPS 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.
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