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Melanie Susan Cibik, Executive Vice President, General Counsel, Chief Compliance Officer, and Secretary of Teledyne Technologies Inc . (NYSE:TDY), has sold a portion of her holdings in the company. According to a recent SEC filing, Cibik sold 706 shares of Teledyne Technologies common stock on March 3, 2025. The shares were sold at a weighted average price of $519.96, with the transaction totaling approximately $367,090. The sale comes as Teledyne, currently valued at $23.4 billion, trades near its 52-week high of $522.50. InvestingPro analysis shows the company maintains strong financial health with a GOOD rating and robust liquidity, as current assets significantly exceed short-term obligations.
Following this transaction, Cibik holds 26,528.5577 shares directly, which includes restricted shares and shares acquired through the company’s Employee Stock Purchase Plan and 401(k) plan. This sale does not include 1,971 Restricted Stock Units that she holds. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access detailed reports and real-time data through InvestingPro, which offers exclusive access to over 1,400 Pro Research Reports.
In other recent news, Teledyne Technologies Incorporated reported its fourth-quarter earnings, surpassing expectations with a 5% increase in revenues year-over-year, outperforming the anticipated 2% growth. This performance was bolstered by effective operational expense management and a lower tax rate, leading to non-GAAP earnings per share exceeding the upper end of the company’s guidance. In another development, Teledyne completed the acquisition of aerospace and defense units from Excelitas Technologies Corp. for approximately $710 million, integrating these businesses into its Aerospace and Defense Electronics segment under the name Teledyne Qioptiq. This acquisition is expected to expand Teledyne’s technology offerings and customer base.
Furthermore, analysts at TD Cowen raised Teledyne’s stock price target to $550, maintaining a Buy rating, while Needham increased their price target to $585, also reiterating a Buy rating. Both firms cited the company’s strategic acquisitions and alignment with key government priorities as factors contributing to their positive outlook. Teledyne’s Black Hornet 4 drone was also selected as a winner of the Blue UAS Refresh, marking a significant step in its integration into military operations. Additionally, the company has set new executive compensation arrangements, aligning bonuses with financial performance and shareholder returns, as detailed in a recent SEC filing.
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