Teledyne Technologies – (TDY, +1) – Robert Mehrabian (Chair since 2000) purchased $3.7 million of stock on the 29th January at $366.05, increasing his stake by 8%. His record as a buyer is very good and qualifies as a “Smart Buyer” based upon his previous 8 purchases. This trade is particularly notable as it is a reversal, he was selling stock at $220 in 2019 and is his first buy since 2017. The purchase also comes after very strong long term performance, although the shares have fallen modestly post recent results. We are ranking the stock +1.