Insider Selling: Teledyne Technologies SVP Sells 3,000 Shares of Stock (TDY)
Teledyne Technologies (NYSE:TDY) SVP Jason Vanwees sold 3,000 shares of Teledyne Technologies stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $100.38, for a total value of $301,140.00. Following the completion of the transaction, the senior vice president now directly owns 21,905 shares of the company’s stock, valued at approximately $2,198,824. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Teledyne Technologies (NYSE:TDY) traded up 2.33% on Monday, hitting $101.01. The stock had a trading volume of 177,278 shares. Teledyne Technologies has a one year low of $73.36 and a one year high of $102.40. The stock has a 50-day moving average of $94.9 and a 200-day moving average of $94.15. The company has a market cap of $3.791 billion and a P/E ratio of 19.75.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.13 by $0.07. The company had revenue of $573.50 million for the quarter, compared to the consensus estimate of $583.00 million. During the same quarter last year, the company posted $1.07 earnings per share. Teledyne Technologies’s revenue was up .7% compared to the same quarter last year. On average, analysts predict that Teledyne Technologies will post $5.14 earnings per share for the current fiscal year.
Separately, analysts at Needham & Company LLC raised their price target on shares of Teledyne Technologies from $105.00 to $110.00 in a research note on Wednesday, March 12th. They now have a “buy” rating on the stock.
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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