This Insider Has Just Sold Shares In Teledyne Technologies

Some Teledyne Technologies Incorporated (NYSE:TDY) shareholders may be a little concerned to see that the Lead Independent Director, Michael Smith, recently sold a substantial US$1.1m worth of stock at a price of US$511 per share. However, that sale only accounted for 3.9% of their holding, so arguably it doesn't say much about their conviction.

Check out our latest analysis for Teledyne Technologies

The Last 12 Months Of Insider Transactions At Teledyne Technologies

In fact, the recent sale by Michael Smith was the biggest sale of Teledyne Technologies shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$519. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 3.9% of Michael Smith's holding.

Teledyne Technologies insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Teledyne Technologies better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Teledyne Technologies

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It's great to see that Teledyne Technologies insiders own 1.1% of the company, worth about US$258m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Teledyne Technologies Insider Transactions Indicate?

Insiders sold Teledyne Technologies shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Teledyne Technologies. You'd be interested to know, that we found 1 warning sign for Teledyne Technologies and we suggest you have a look.

Of course Teledyne Technologies may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.