Yesterday, the VP & Controller of Teledyne Technologies Inc (TDY), Cynthia Belak, sold shares of TDY for $2.85M.
Following Cynthia Belak’s last TDY Sell transaction on August 10, 2018, the stock climbed by 36.2%. In addition to Cynthia Belak, one other TDY executive reported Sell trades in the last month.
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Based on Teledyne Technologies Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $745 million and quarterly net profit of $75.3 million. In comparison, last year the company earned revenue of $696 million and had a net profit of $66.5 million. TDY’s market cap is $9.62B and the company has a P/E ratio of 29.02. Currently, Teledyne Technologies Inc has an average volume of 190.2K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $276.67, reflecting a 3.4% upside.
The insider sentiment on Teledyne Technologies Inc has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Cynthia Belak’s trades have generated a -16.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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 business segments: Instrumentation; Digital Imaging; Aerospace and Defense Electronics; and Engineered Systems.