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.

The Last 12 Months Of Insider Transactions At Teledyne Technologies

Notably, that recent sale by Independent Director Wesley von Schack was not the only time they sold Teledyne Technologies shares this year. They previously made an even bigger sale of -US$470k worth of shares at a price of US$410 per share. 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. 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

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Teledyne Technologies insiders own 1.1% of the company, worth about US$258m. 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. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

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 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.