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Forum List » Guru News and Commentaries Guru News, Stock picks and commentaries  
Teledyne Technologies Chairman, President and CEO Increases Position
Posted by: hyperman299
(IP Logged)
Date: July 11, 2011 06:05PM
Chairman, President and CEO of Teledyne Technologies Inc. (TDY) Robert Mehrabian bought 10,000 shares of the company on 07/08/2011 at an average price of $44.45. The total transaction amount is $444,500. Teledyne Technologies Inc. is a provider of sophisticated electronic and communication products, systems engineering solutions and information technology services, and aerospace engines and components. Teledyne Technologies Inc. has a market cap of $1.86 billion; its shares were traded at around $50.52 with a P/E ratio of 15.45 and P/S ratio of 1.04. Teledyne Technologies Inc. had an annual average earnings growth of 22.5% over the past 10 years. Robert Mehrabian was the seventh president of Carnegie Mellon University in Pittsburgh, Penn. Aside from that position, he is also the current chairman, president and CEO of Teledyne Technologies Inc. He earned a Ph.D. at MIT in materials science and engineering. He was a teacher at MIT and the University of Illinois. Mr. Mehrabian is also a director of Mellon Financial and PPG Industries. Joel Greenblatt bought 7,816 shares in the quarter that ended on 03/31/2011, which is 0.12% of the $333 million portfolio of Gotham Capital. Kenneth Fisher owns 974,881 shares as of 03/31/2011, which accounts for 0.13% of the $37.97 billion portfolio of Fisher Asset Management LLC. John Keeley owns 637,100 shares as of 03/31/2011, which accounts for 0.5% of the $6.54 billion portfolio of Keeley Fund Management. VP & Controller Sue Main bought 1,000 shares of TDY stock on 06/13/2011 at the average price of 44.23. Sue Main owns at least 26,650 shares after this. The price of the stock has increased by 14.22% since. There are mixed trades from other insiders. Teledyne Technologies recently reported first quarter 2011 sales of $468.1 million, compared with sales of $404.9 million for the first quarter of 2010. Net income attributable to Teledyne Technologies was $32.0 million ($0.86 per diluted share) for the first quarter of 2011, compared with $25.0 million ($0.68 per diluted share) for the first quarter of 2010, an increase of 28.0%. Net income attributable to Teledyne Technologies, excluding discontinued operations, was $32.5 million ($0.87 per diluted share) for the first quarter of 2011, compared with $25.0 million ($0.68 per diluted share) for the first quarter of 2010, an increase of 30.0%. Teledyne Technologies has a GuruFocus predictability rating of 4 stars.
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