Teledyne Director Smith Sells $1.1m In Shares - Real News Hub

Teledyne director Smith sells $1.1m in shares

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By Satish Mehra

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Teledyne director Smith sells $1.1m in shares

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On January 27, 2025, Michael T. Smith, a director at Teledyne Technologies Inc. (NYSE:TDY), sold 2,100 shares at an average price of $510.50 per share, totaling $1,072,050, as reported in an SEC filing. Following the sale, Smith retained 52,835 shares, valued at approximately $26,972,267.50, representing a 3.82% decrease in his ownership. Over the past year, Smith sold a total of 9,301 shares without any purchases, aligning with a broader trend of 18 insider sells and no buys at Teledyne.

The finance card above shows TDY’s current price at $555.855, with a market cap of $26.12 billion. The stock has risen 31.73% over the past year, trading near its 52-week high of $638.90. Teledyne’s strong financial performance, including a 5.4% revenue increase to $1.5 billion in Q4 2024 and earnings per share of $5.52, supports analyst optimism, with price targets ranging from $500 to $585 and a consensus “Buy” rating. The company’s recent $710 million acquisition of aerospace and defense electronics businesses from Excelitas Technologies, expected to close in early 2025, further bolsters its growth outlook in defense and space sectors.

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