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Those following along with Teledyne Technologies Incorporated (NYSE:TDY) will no doubt be intrigued by the recent purchase of shares by Robert Mehrabian, Executive Chairman of the company, who spent a stonking US$3.7m on stock at an average price of US$366. While that only increased their holding size by 6.3%, it is still a big swing by our standards.
Teledyne Technologies Insider Transactions Over The Last Year
In fact, the recent purchase by Robert Mehrabian was the biggest purchase of Teledyne Technologies shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than US$357 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Robert Mehrabian.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Teledyne Technologies
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Teledyne Technologies insiders own 1.5% of the company, currently worth about US$201m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Teledyne Technologies Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Teledyne Technologies. That's what I like to see! 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.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.
This article by Simply Wall St is general in nature. 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.
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