Today it was reported that the Chairman & CEO of Teledyne Technologies Inc (NYSE: TDY), Robert Mehrabian, exercised options to sell 35,000 TDY shares at $75.13 a share, for a total transaction value of $8.15M.
Following Robert Mehrabian’s last TDY Sell transaction on May 10, 2018, the stock climbed by 33.6%. In addition to Robert Mehrabian, 3 other TDY executives reported Sell trades in the last month.
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Based on Teledyne Technologies Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $733 million and quarterly net profit of $85.9 million. In comparison, last year the company earned revenue of $671 million and had a net profit of $60.1 million. TDY’s market cap is $8.35B and the company has a P/E ratio of 29.48. Currently, Teledyne Technologies Inc has an average volume of 264.3K.
The insider sentiment on Teledyne Technologies Inc has been negative according to 67 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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 segments: Instrumentation; Digital Imaging; Aerospace and Defense Electronics; and Engineered Systems.
