This Insider Has Just Sold Shares In Teledyne Technologies

We'd be surprised if Teledyne Technologies Incorporated (NYSE:TDY) shareholders haven't noticed that the Independent Director, Wesley von Schack, recently sold US$345k worth of stock at US$488 per share. On the bright side, that sale was only 8.2% of their holding, so we doubt it's very meaningful, on its own.

See our latest analysis for Teledyne Technologies

Teledyne Technologies Insider Transactions Over The Last Year

In fact, the recent sale by Independent Director Wesley von Schack was not their only sale of Teledyne Technologies shares this year. Earlier in the year, they fetched US$410 per share in a -US$470k sale. That means that an insider was selling shares at slightly below the current price (US$488). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 12% of Wesley von Schack's stake.

Wesley von Schack sold a total of 1.85k shares over the year at an average price of US$440. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Does Teledyne Technologies Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Teledyne Technologies insiders own 1.1% of the company, currently worth about US$258m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Teledyne Technologies Insider Transactions Indicate?

An insider hasn't bought Teledyne Technologies stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Teledyne Technologies is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. Of course, the future is what matters most. So if you are interested in Teledyne Technologies, you should check out this free report on analyst forecasts for the company.

But note: Teledyne Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.