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Jason VanWees, the Vice Chairman of Teledyne Technologies Inc . (NYSE:TDY), recently sold shares worth approximately $1.92 million, according to a recent SEC filing. The transaction, which took place on March 3, 2025, involved the sale of 3,700 shares of common stock at an average price of $520.06 per share. The sale occurred as the stock trades near its 52-week high of $522.50, with InvestingPro data showing the company maintains a strong market capitalization of $23.4 billion and trades at a P/E ratio of 29. This sale was part of a series of trades executed at prices ranging from $519.69 to $520.43.
Prior to the sale, VanWees exercised stock options to acquire 3,700 shares at a price of $123.38 each, totaling approximately $456,506. Following these transactions, VanWees holds 51,323.593 shares directly, which includes restricted shares and shares purchased through the company’s Employee Stock Purchase Plan. Additionally, VanWees’s spouse holds 2,478.996 shares directly.
In other recent news, Teledyne Technologies Incorporated reported a successful fourth quarter, with revenues increasing by 5% year-over-year, surpassing the anticipated 2% growth. Effective management of operational expenses and a lower tax rate contributed to earnings per share exceeding the company’s guidance, despite a gross margin shortfall. Teledyne also completed the acquisition of aerospace and defense units from Excelitas Technologies for approximately $710 million, integrating them into its Aerospace and Defense Electronics segment under the Teledyne Qioptiq brand. This acquisition is expected to enhance Teledyne’s market position and expand its technology offerings.
Additionally, Teledyne’s Black Hornet 4 drone was selected as a winner in the Blue UAS Refresh Challenge, allowing it to undergo further verification for U.S. government use. Analyst firms have shown confidence in Teledyne’s prospects, with TD Cowen raising its stock price target to $550 and Needham increasing it to $585, both maintaining a Buy rating. These adjustments reflect optimism about Teledyne’s growth potential, driven by strategic acquisitions and alignment with key government priorities. Furthermore, Teledyne has set executive compensation plans, aligning bonuses and performance-based awards with the company’s financial performance and shareholder returns.
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